ValuEngine upgraded shares of Banco Santander (NYSE:SAN) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday morning.
A number of other brokerages also recently issued reports on SAN. Zacks Investment Research downgraded Banco Santander from a hold rating to a sell rating in a research report on Tuesday, February 20th. Goldman Sachs Group raised Banco Santander from a neutral rating to a buy rating and set a $6.20 price objective for the company in a research report on Friday, November 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $13.15.
Shares of Banco Santander (SAN) opened at $6.78 on Wednesday. Banco Santander has a 52 week low of $5.66 and a 52 week high of $7.57. The stock has a market capitalization of $108,755.09, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 1.28 and a beta of 1.51. The company has a quick ratio of 1.38, a current ratio of 1.36 and a debt-to-equity ratio of 3.82.
Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of Banco Santander by 196.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 168,977 shares of the bank’s stock worth $1,168,000 after purchasing an additional 112,072 shares during the last quarter. BB&T Securities LLC increased its position in shares of Banco Santander by 53.6% during the 3rd quarter. BB&T Securities LLC now owns 82,854 shares of the bank’s stock worth $575,000 after purchasing an additional 28,896 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Banco Santander by 15.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 8,617,017 shares of the bank’s stock valued at $59,802,000 after acquiring an additional 1,141,920 shares during the period. Quattro Financial Advisors LLC boosted its holdings in Banco Santander by 666.9% during the 3rd quarter. Quattro Financial Advisors LLC now owns 103,496 shares of the bank’s stock valued at $697,000 after acquiring an additional 90,000 shares during the period. Finally, Stifel Financial Corp boosted its holdings in Banco Santander by 18.5% during the 3rd quarter. Stifel Financial Corp now owns 540,151 shares of the bank’s stock valued at $3,751,000 after acquiring an additional 84,328 shares during the period. 1.24% of the stock is owned by hedge funds and other institutional investors.
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Banco Santander Company Profile
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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