Banco Santander (NYSE:SAN) Stock Rating Lowered by Wall Street Zen

Banco Santander (NYSE:SAN) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other research analysts have also recently commented on SAN. UBS Group reissued a “buy” rating on shares of Banco Santander in a report on Monday, September 21st. Mediobanca reaffirmed an “outperform” rating on shares of Banco Santander in a report on Tuesday, September 15th. Santander reissued a “buy” rating on shares of Banco Santander in a report on Tuesday, June 23rd. Jefferies Financial Group restated a “buy” rating on shares of Banco Santander in a research report on Tuesday, July 21st. Finally, Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, July 29th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Banco Santander has an average rating of “Moderate Buy” and a consensus price target of $15.10.

Banco Santander Stock Performance

Shares of Banco Santander stock opened at $13.37 on Friday. Banco Santander has a fifty-two week low of $9.62 and a fifty-two week high of $15.05. The company has a market capitalization of $196.32 billion, a P/E ratio of 10.87, a P/E/G ratio of 0.66 and a beta of 0.74. The company has a fifty day moving average of $14.46 and a 200 day moving average of $13.18.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $17.93 billion during the quarter, compared to analysts’ expectations of $17.90 billion. Banco Santander had a net margin of 26.94% and a return on equity of 12.43%. Analysts forecast that Banco Santander will post 1.25 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its stake in shares of Banco Santander by 2.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 18,037,272 shares of the bank’s stock valued at $211,577,000 after purchasing an additional 398,787 shares during the last quarter. Capital International Investors increased its position in shares of Banco Santander by 1.6% during the 4th quarter. Capital International Investors now owns 14,766,849 shares of the bank’s stock valued at $174,839,000 after purchasing an additional 237,825 shares during the last quarter. Bank of America Corp DE raised its holdings in Banco Santander by 118.9% during the 1st quarter. Bank of America Corp DE now owns 11,413,194 shares of the bank’s stock valued at $128,741,000 after buying an additional 6,198,828 shares during the period. Quantinno Capital Management LP lifted its position 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 worth $28,955,000 after buying an additional 705,034 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in 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 worth $17,324,000 after buying an additional 373,646 shares during the period. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Company Profile

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.