Banco Santander, S.A. (NYSE:SAN) Stock Has Consensus Price Target of $15.10 According to Analysts

Shares of Banco Santander, S.A. (NYSE:SAN) have earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $15.10.

A number of equities research analysts have recently issued reports on SAN shares. Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday. Jefferies Financial Group lowered shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Banco Santander in a report on Monday, July 27th. UBS Group reiterated a “buy” rating on shares of Banco Santander in a research report on Monday, September 21st. Finally, Wall Street Zen cut Banco Santander from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd.

Banco Santander Trading Down 3.7%

Shares of NYSE SAN opened at $12.37 on Tuesday. The firm has a market cap of $181.63 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 0.63 and a beta of 0.74. The business’s 50 day moving average is $14.15 and its 200-day moving average is $12.95. Banco Santander has a 1-year low of $9.85 and a 1-year high of $15.05.

Banco Santander Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, November 5th. Shareholders of record on Friday, October 30th will be issued a $0.1439 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a yield of 217.0%. Banco Santander’s payout ratio is currently 17.07%.

Institutional Trading of Banco Santander

Large investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in Banco Santander by 118.9% in the first quarter. Bank of America Corp DE now owns 11,413,194 shares of the bank’s stock valued at $128,741,000 after purchasing an additional 6,198,828 shares in the last quarter. Quantinno Capital Management LP increased 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 valued at $28,955,000 after buying an additional 705,034 shares during the period. Bank of New York Mellon Corp raised its position in shares of Banco Santander by 32.1% in the 1st 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 in the last quarter. QRG Capital Management Inc. raised its position in shares of Banco Santander by 10.4% in the 1st quarter. QRG Capital Management Inc. now owns 1,473,746 shares of the bank’s stock valued at $16,624,000 after buying an additional 138,582 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Banco Santander by 18.3% during the 1st quarter. Sei Investments Co. now owns 956,275 shares of the bank’s stock worth $10,787,000 after acquiring an additional 147,776 shares during the period. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Company Profile

Banco Santander, SA is a Spain-based global banking group founded in 1857 and headquartered in Santander, Spain. The company provides financial services to individuals, businesses, institutions and governments through a network spanning Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, payments, asset management and private banking. Santander offers products and services such as current and savings accounts, mortgages, personal and business loans, credit cards, insurance, investment products, cash-management services and financing for corporate clients.

The group operates through established banking businesses in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.