Zacks Investment Research Downgrades Banco Santander (SAN) to Sell

Banco Santander (NYSE:SAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. The Bank provides banking services for individuals and companies, leasing, factoring, stockbrokerage and mutual fund services. “

Separately, Goldman Sachs Group upgraded shares of Banco Santander from a “neutral” rating to a “buy” rating and set a $6.20 price objective on the stock in a report on Friday, November 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.15.

Banco Santander (SAN) opened at $6.98 on Tuesday. The firm has a market capitalization of $111,963.20, a price-to-earnings ratio of 15.51, a PEG ratio of 1.35 and a beta of 1.50. The company has a debt-to-equity ratio of 3.82, a quick ratio of 1.38 and a current ratio of 1.36.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Fisher Asset Management LLC raised its holdings in Banco Santander by 5.0% in the fourth quarter. Fisher Asset Management LLC now owns 85,437,070 shares of the bank’s stock valued at $558,758,000 after buying an additional 4,053,462 shares during the period. Parametric Portfolio Associates LLC raised its holdings in Banco Santander by 15.3% in the third quarter. Parametric Portfolio Associates LLC now owns 8,617,017 shares of the bank’s stock valued at $59,802,000 after buying an additional 1,141,920 shares during the period. Masters Capital Management LLC raised its holdings in Banco Santander by 20.0% in the fourth quarter. Masters Capital Management LLC now owns 6,000,000 shares of the bank’s stock valued at $39,240,000 after buying an additional 1,000,000 shares during the period. Aperio Group LLC raised its holdings in Banco Santander by 7.1% in the fourth quarter. Aperio Group LLC now owns 4,548,754 shares of the bank’s stock valued at $29,749,000 after buying an additional 300,978 shares during the period. Finally, Axiom International Investors LLC DE raised its holdings in Banco Santander by 6.2% in the third quarter. Axiom International Investors LLC DE now owns 2,663,610 shares of the bank’s stock valued at $18,485,000 after buying an additional 154,900 shares during the period. Hedge funds and other institutional investors own 1.25% of the company’s stock.

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Banco Santander Company Profile

Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.

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