Banco Santander SA (SAN) Stock Rating Upgraded by Natixis
Banco Santander SA (NYSE:SAN) was upgraded by investment analysts at Natixis from a “reduce” rating to a “buy” rating in a research report issued on Tuesday.
A number of other research analysts have also recently commented on SAN. Zacks Investment Research cut shares of Banco Santander SA from a “hold” rating to a “sell” rating in a research note on Thursday, July 21st. Barclays PLC upgraded shares of Banco Santander SA from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 6th. Citigroup Inc. reiterated a “buy” rating on shares of Banco Santander SA in a research note on Wednesday, July 20th. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Banco Santander SA in a research note on Wednesday, June 29th. Finally, Deutsche Bank AG reiterated a “neutral” rating on shares of Banco Santander SA in a research note on Wednesday, June 22nd. Five research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. Banco Santander SA currently has a consensus rating of “Hold” and an average price target of $4.50.
Banco Santander SA (NYSE:SAN) opened at 4.42 on Tuesday. The company has a market capitalization of $70.61 billion, a price-to-earnings ratio of 13.56 and a beta of 1.67. The firm’s 50-day moving average price is $4.43 and its 200-day moving average price is $4.40. Banco Santander SA has a 52 week low of $3.60 and a 52 week high of $5.83.
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The firm also recently announced a dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 17th will be issued a dividend of $0.038 per share. The ex-dividend date of this dividend is Thursday, October 13th. Banco Santander SA’s dividend payout ratio is presently 38.64%.
A number of hedge funds have recently added to or reduced their stakes in SAN. Signaturefd LLC raised its stake in Banco Santander SA by 57.9% in the second quarter. Signaturefd LLC now owns 25,471 shares of the company’s stock worth $100,000 after buying an additional 9,338 shares in the last quarter. Green Square Capital LLC acquired a new stake in Banco Santander SA during the second quarter worth approximately $102,000. FFT Wealth Management LLC raised its stake in Banco Santander SA by 66.0% in the first quarter. FFT Wealth Management LLC now owns 25,145 shares of the company’s stock worth $110,000 after buying an additional 10,000 shares in the last quarter. Sei Investments Co. raised its stake in Banco Santander SA by 154.0% in the second quarter. Sei Investments Co. now owns 30,985 shares of the company’s stock worth $122,000 after buying an additional 18,788 shares in the last quarter. Finally, Carnick & Kubik Group LLC acquired a new stake in Banco Santander SA during the second quarter worth approximately $140,000. 0.64% of the stock is owned by hedge funds and other institutional investors.
Banco Santander SA Company Profile
Banco Santander, SA is a retail and commercial bank. The Bank’s principal business is to attract deposits and provide loans. The Bank focuses its wholesale banking offer on providing services to its main customers in local markets. The Banks segments include Continental Europe, United Kingdom, Latin America and United States.
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