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

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

A number of equities analysts recently weighed in on SAN shares. Santander reissued a “buy” rating on shares of Banco Santander in a report on Tuesday, June 23rd. Wall Street Zen lowered Banco Santander from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, July 29th.

Institutional Trading of Banco Santander

Hedge funds have recently made changes to their positions in the stock. US Bancorp DE raised its stake in shares of Banco Santander by 14.3% during the fourth quarter. US Bancorp DE now owns 713,050 shares of the bank’s stock valued at $8,364,000 after acquiring an additional 89,253 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of 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 purchasing an additional 373,646 shares in the last quarter. Sei Investments Co. raised its position in shares of Banco Santander by 18.3% in the 1st quarter. Sei Investments Co. now owns 956,275 shares of the bank’s stock worth $10,787,000 after purchasing an additional 147,776 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Banco Santander by 37.9% in the 1st quarter. Quantinno Capital Management LP now owns 2,566,939 shares of the bank’s stock worth $28,955,000 after acquiring an additional 705,034 shares during the last quarter. Finally, Barometer Capital Management Inc. lifted its stake in Banco Santander by 203.3% during the 1st quarter. Barometer Capital Management Inc. now owns 216,600 shares of the bank’s stock valued at $2,414,000 after acquiring an additional 145,191 shares during the period. 9.19% of the stock is owned by institutional investors.

Banco Santander Trading Down 0.2%

NYSE SAN opened at $14.90 on Monday. The business has a fifty day simple moving average of $14.19 and a 200 day simple moving average of $12.83. Banco Santander has a 12 month low of $9.48 and a 12 month high of $15.05. The firm has a market capitalization of $218.87 billion, a P/E ratio of 12.11, a PEG ratio of 0.74 and a beta of 0.74.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a return on equity of 12.43% and a net margin of 26.94%.The firm had revenue of $17.93 billion for the quarter, compared to analysts’ expectations of $17.90 billion. As a group, sell-side analysts predict that Banco Santander will post 1.25 EPS for the current fiscal year.

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.