Zacks Investment Research upgraded shares of Santander Group (NYSE:SAN) from a hold rating to a buy rating in a research report sent to investors on Friday morning. Zacks Investment Research currently has $7.50 price objective on the bank’s stock.
According to Zacks, “Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. The Bank provides banking services for individuals and companies, leasing, factoring, stockbrokerage and mutual fund services. “
Several other equities research analysts also recently weighed in on the stock. ValuEngine raised shares of Santander Group from a buy rating to a strong-buy rating in a research report on Wednesday, March 7th. Keefe, Bruyette & Woods raised shares of Santander Group from a market perform rating to an outperform rating in a research report on Friday, March 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $13.07.
Santander Group (NYSE:SAN) last announced its quarterly earnings results on Wednesday, January 31st. The bank reported $0.13 earnings per share for the quarter. The company had revenue of $14.21 billion during the quarter. Santander Group had a net margin of 13.66% and a return on equity of 7.21%. sell-side analysts anticipate that Santander Group will post 0.6 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. KCS Wealth Advisory bought a new stake in shares of Santander Group during the fourth quarter valued at approximately $109,000. Paloma Partners Management Co bought a new stake in shares of Santander Group during the fourth quarter valued at approximately $118,000. FCA Corp TX bought a new stake in shares of Santander Group during the fourth quarter valued at approximately $131,000. Bailard Inc. bought a new stake in shares of Santander Group during the fourth quarter valued at approximately $134,000. Finally, Mariner Wealth Advisors LLC bought a new stake in shares of Santander Group during the fourth quarter valued at approximately $146,000. 1.26% of the stock is owned by institutional investors.
About Santander Group
Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.
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