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

Shares of Banco Santander, S.A. (NYSE:SAN) have been given an average rating of “Moderate Buy” by the ten ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating on the company.

Several equities analysts have recently commented on SAN shares. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 23rd. Weiss Ratings upgraded shares of Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday. Santander reaffirmed a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Finally, Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Morgan Stanley grew its stake in shares of Banco Santander by 3.2% in the fourth quarter. Morgan Stanley now owns 56,109,418 shares of the bank’s stock valued at $658,164,000 after buying an additional 1,719,432 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Banco Santander by 2.3% during the 4th 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 during the period. Capital International Investors grew its position in Banco Santander by 1.6% in the 4th quarter. Capital International Investors now owns 14,766,849 shares of the bank’s stock valued at $174,839,000 after acquiring an additional 237,825 shares in the last quarter. Northern Trust Corp lifted its position in shares of Banco Santander by 8.5% during the third quarter. Northern Trust Corp now owns 12,844,029 shares of the bank’s stock worth $134,605,000 after purchasing an additional 1,000,811 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of 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 during the period. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Price Performance

Shares of NYSE SAN opened at $13.62 on Friday. The company has a market capitalization of $200.10 billion, a P/E ratio of 11.26, a P/E/G ratio of 0.76 and a beta of 0.72. The company has a 50 day simple moving average of $12.92 and a 200-day simple moving average of $12.30. Banco Santander has a 1 year low of $8.29 and a 1 year high of $14.39.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $17.53 billion during the quarter, compared to analyst estimates of $17.66 billion. Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. As a group, research analysts expect that Banco Santander will post 1.16 EPS for the current 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.