Banco Santander SA (NYSE:SAN) was upgraded by stock analysts at Natixis from a “reduce” rating to a “buy” rating in a note issued to investors on Tuesday.
Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Banco Santander SA from a “hold” rating to a “sell” rating in a report on Thursday, July 21st. Citigroup Inc. reissued a “buy” rating on shares of Banco Santander SA in a report on Wednesday, July 20th. Barclays PLC raised shares of Banco Santander SA from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 6th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Banco Santander SA in a report on Wednesday, June 29th. Finally, Deutsche Bank AG reissued a “neutral” rating on shares of Banco Santander SA in a report on Wednesday, June 22nd. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. Banco Santander SA currently has a consensus rating of “Hold” and a consensus target price of $4.50.
Shares of Banco Santander SA (NYSE:SAN) opened at 4.3496 on Tuesday. Banco Santander SA has a 1-year low of $3.60 and a 1-year high of $5.83. The stock has a market cap of $69.48 billion, a PE ratio of 13.3423 and a beta of 1.67. The stock has a 50 day moving average of $4.44 and a 200 day moving average of $4.40.
The company also recently disclosed a dividend, which will be paid on Monday, November 14th. Stockholders of record on Monday, October 17th will be given a $0.038 dividend. The ex-dividend date is Thursday, October 13th. Banco Santander SA’s dividend payout ratio is presently 38.64%.
Several institutional investors have recently bought and sold shares of SAN. Signaturefd LLC raised its position in Banco Santander SA by 57.9% in the second quarter. Signaturefd LLC now owns 25,471 shares of the company’s stock worth $100,000 after buying an additional 9,338 shares in the last quarter. Green Square Capital LLC purchased a new position in Banco Santander SA during the second quarter worth $102,000. FFT Wealth Management LLC raised its position in Banco Santander SA by 66.0% in the first quarter. FFT Wealth Management LLC now owns 25,145 shares of the company’s stock worth $110,000 after buying an additional 10,000 shares in the last quarter. Sei Investments Co. raised its position in Banco Santander SA by 154.0% in the second quarter. Sei Investments Co. now owns 30,985 shares of the company’s stock worth $122,000 after buying an additional 18,788 shares in the last quarter. Finally, Carnick & Kubik Group LLC purchased a new position in Banco Santander SA during the second quarter worth $140,000. 0.64% of the stock is owned by institutional investors and hedge funds.
About Banco Santander SA
Banco Santander, SA is a retail and commercial bank. The Bank’s principal business is to attract deposits and provide loans. The Bank focuses its wholesale banking offer on providing services to its main customers in local markets. The Banks segments include Continental Europe, United Kingdom, Latin America and United States.
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