Banco Santander, S.A. (NYSE:SAN) Given Average Rating of “Hold” by Analysts

Shares of Banco Santander, S.A. (NYSE:SAN) have been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company.

A number of equities analysts recently issued reports on SAN shares. Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. UBS Group cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Barclays lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. DZ Bank cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 18th. Finally, Kepler Capital Markets upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Tuesday, January 13th.

Institutional Investors Weigh In On Banco Santander

Hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new position in Banco Santander in the 3rd quarter valued at about $25,000. True Wealth Design LLC acquired a new position in shares of Banco Santander in the third quarter valued at approximately $27,000. Westside Investment Management Inc. purchased a new stake in shares of Banco Santander during the second quarter worth approximately $30,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Banco Santander during the second quarter worth $30,000. Finally, Smithfield Trust Co purchased a new position in Banco Santander in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Trading Down 1.5%

Banco Santander stock opened at $11.87 on Wednesday. The company has a fifty day simple moving average of $12.05 and a 200-day simple moving average of $10.71. The stock has a market cap of $176.61 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 0.72 and a beta of 0.72. Banco Santander has a 12-month low of $5.54 and a 12-month high of $13.11.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Tuesday, February 3rd. The bank reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $18.90 billion for the quarter, compared to analysts’ expectations of $15.89 billion. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%. As a group, sell-side analysts forecast that Banco Santander will post 0.83 earnings per share for the current fiscal year.

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.