Banco Santander, S.A. (NYSE:SAN) Receives Consensus Rating of “Buy” from Analysts

Shares of Banco Santander, S.A. (NYSE:SAN) have been given a consensus recommendation of “Buy” by the four analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company.

Several brokerages have recently weighed in on SAN. Keefe, Bruyette & Woods raised shares of Banco Santander from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 24th. Citigroup began coverage on shares of Banco Santander in a research report on Wednesday, June 4th. They set a “buy” rating on the stock. The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th.

Hedge Funds Weigh In On Banco Santander

Several hedge funds have recently added to or reduced their stakes in SAN. Trust Point Inc. boosted its position in shares of Banco Santander by 23.6% in the fourth quarter. Trust Point Inc. now owns 30,962 shares of the bank’s stock worth $141,000 after acquiring an additional 5,917 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in Banco Santander in the fourth quarter valued at $62,000. Quattro Financial Advisors LLC acquired a new stake in Banco Santander in the fourth quarter valued at $132,000. Advisors Preferred LLC bought a new stake in Banco Santander during the fourth quarter valued at $37,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Banco Santander by 15.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 109,187 shares of the bank’s stock valued at $490,000 after purchasing an additional 14,894 shares during the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Stock Performance

Shares of NYSE SAN opened at $7.92 on Friday. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. Banco Santander has a 12 month low of $4.27 and a 12 month high of $8.08. The company has a 50 day simple moving average of $7.25 and a two-hundred day simple moving average of $6.11. The stock has a market cap of $119.93 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.77 and a beta of 1.00.

Banco Santander (NYSE:SAN) last posted its earnings results on Wednesday, April 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $15.94 billion. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. As a group, analysts predict that Banco Santander will post 0.83 earnings per share for the current year.

Banco Santander Company Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.