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

Shares of Banco Santander, S.A. (NYSE:SAN) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company.

Several brokerages have commented on SAN. Santander restated a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Weiss Ratings downgraded shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen lowered shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th.

Banco Santander Trading Down 0.1%

Banco Santander stock opened at $14.69 on Thursday. The firm has a 50 day simple moving average of $13.55 and a 200 day simple moving average of $12.54. Banco Santander has a 1-year low of $9.21 and a 1-year high of $14.93. The firm has a market capitalization of $215.79 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 0.78 and a beta of 0.73.

Banco Santander (NYSE:SAN) last posted its earnings results on Wednesday, July 22nd. The bank reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $17.93 billion for the quarter, compared to analysts’ expectations of $17.90 billion. Banco Santander had a return on equity of 12.43% and a net margin of 26.94%. On average, equities research analysts forecast that Banco Santander will post 1.16 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SAN. US Bancorp DE grew its holdings in shares of Banco Santander by 14.3% during the 4th quarter. US Bancorp DE now owns 713,050 shares of the bank’s stock valued at $8,364,000 after purchasing an additional 89,253 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Banco Santander in the third quarter worth $5,181,000. Bank of New York Mellon Corp boosted its position in Banco Santander by 32.1% during the first quarter. Bank of New York Mellon Corp now owns 1,535,847 shares of the bank’s stock valued at $17,324,000 after buying an additional 373,646 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of Banco Santander by 7.7% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 4,861,360 shares of the bank’s stock valued at $57,024,000 after buying an additional 349,000 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Banco Santander by 18.3% in the first quarter. Sei Investments Co. now owns 956,275 shares of the bank’s stock worth $10,787,000 after buying an additional 147,776 shares during the period. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

About Banco Santander

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.