Banco Santander, S.A. (NYSE:SAN) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Banco Santander, S.A. (NYSE:SAN) have been given a consensus rating of “Moderate Buy” by the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $15.10.

Several equities analysts recently issued reports on SAN shares. DZ Bank reissued a “neutral” rating on shares of Banco Santander in a report on Wednesday, July 22nd. Royal Bank Of Canada reiterated a “buy” rating on shares of Banco Santander in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Banco Santander in a research report on Monday, July 27th. Weiss Ratings downgraded Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday, July 29th. Finally, Santander reiterated a “buy” rating on shares of Banco Santander in a report on Tuesday, June 23rd.

Banco Santander Trading Down 0.2%

Shares of Banco Santander stock opened at $14.19 on Friday. The stock’s fifty day moving average price is $14.46 and its 200-day moving average price is $13.13. The firm has a market cap of $208.37 billion, a P/E ratio of 11.53, a P/E/G ratio of 0.70 and a beta of 0.74. Banco Santander has a 12 month low of $9.62 and a 12 month high of $15.05.

Banco Santander (NYSE:SAN) last issued 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). Banco Santander had a return on equity of 12.43% and a net margin of 26.94%.The business had revenue of $17.93 billion for the quarter, compared to the consensus estimate of $17.90 billion. Analysts forecast that Banco Santander will post 1.25 earnings per share for the current year.

Institutional Investors Weigh In On Banco Santander

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in shares of Banco Santander by 118.9% in the 1st quarter. Bank of America Corp DE now owns 11,413,194 shares of the bank’s stock worth $128,741,000 after purchasing an additional 6,198,828 shares in the last quarter. Quantinno Capital Management LP raised its stake in Banco Santander by 37.9% in the first quarter. Quantinno Capital Management LP now owns 2,566,939 shares of the bank’s stock valued at $28,955,000 after buying an additional 705,034 shares during the last quarter. Compass Rose Asset Management LP acquired a new stake in Banco Santander in the first quarter worth about $7,163,000. Capital Wealth Planning LLC grew its stake in shares of Banco Santander by 87.8% during the fourth quarter. Capital Wealth Planning LLC now owns 939,147 shares of the bank’s stock worth $11,336,000 after acquiring an additional 438,971 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Banco Santander by 2.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 18,037,272 shares of the bank’s stock valued at $211,577,000 after acquiring an additional 398,787 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

About Banco Santander

Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial services to individuals, businesses and institutions through subsidiaries and branches across Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, wealth management, insurance and payment services. Santander offers products such as checking and savings accounts, mortgages, personal loans, credit cards, business financing, investment products and digital banking solutions.

The group serves customers in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.