Banco Santander (NYSE:SAN) Downgraded to “Hold” Rating by DZ Bank

Banco Santander (NYSE:SAN) was downgraded by analysts at DZ Bank from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Zacks Research lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. The Goldman Sachs Group cut Banco Santander from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Banco Santander Trading Up 0.4%

Shares of NYSE:SAN opened at $11.71 on Thursday. Banco Santander has a twelve month low of $4.43 and a twelve month high of $11.78. The company has a market cap of $174.23 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 0.72 and a beta of 0.74. The company’s 50 day moving average is $10.53 and its 200 day moving average is $9.60.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $20.94 billion during the quarter, compared to analysts’ expectations of $15.32 billion. Banco Santander had a net margin of 17.90% and a return on equity of 11.68%. Equities research analysts predict that Banco Santander will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of Banco Santander

Several institutional investors have recently bought and sold shares of SAN. Tudor Investment Corp ET AL acquired a new position in shares of Banco Santander during the 3rd quarter worth approximately $5,181,000. Allworth Financial LP grew its stake in Banco Santander by 3.9% in the 3rd quarter. Allworth Financial LP now owns 41,567 shares of the bank’s stock valued at $436,000 after acquiring an additional 1,550 shares during the period. CIBC Private Wealth Group LLC increased its holdings in Banco Santander by 4.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 8,981,872 shares of the bank’s stock worth $94,130,000 after acquiring an additional 376,023 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in Banco Santander during the third quarter valued at $93,811,000. Finally, Captrust Financial Advisors grew its position in shares of Banco Santander by 4.2% in the third quarter. Captrust Financial Advisors now owns 341,749 shares of the bank’s stock valued at $3,582,000 after purchasing an additional 13,926 shares during the period. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Company Profile

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.