Banco Santander SA (SAN) Upgraded to “Sector Perform” at RBC Capital Markets
Banco Santander SA (NYSE:SAN) was upgraded by investment analysts at RBC Capital Markets from an “underperform” rating to a “sector perform” rating in a note issued to investors on Wednesday.
SAN has been the topic of several other reports. Deutsche Bank AG raised shares of Banco Santander SA from a “hold” rating to a “buy” rating in a research note on Wednesday, August 31st. Citigroup Inc. reissued a “buy” rating on shares of Banco Santander SA in a research note on Wednesday, September 28th. Zacks Investment Research raised shares of Banco Santander SA from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Friday, September 23rd. Natixis upgraded shares of Banco Santander SA from a “reduce” rating to a “buy” rating in a research report on Tuesday, October 11th. Finally, Goldman Sachs Group Inc. restated a “buy” rating on shares of Banco Santander SA in a research report on Friday, September 23rd. Five analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. Banco Santander SA has a consensus rating of “Hold” and a consensus target price of $4.50.
Banco Santander SA (NYSE:SAN) traded up 1.674% during midday trading on Wednesday, reaching $4.555. 1,671,065 shares of the company’s stock traded hands. The company has a market capitalization of $72.77 billion, a price-to-earnings ratio of 13.972 and a beta of 1.67. Banco Santander SA has a 1-year low of $3.60 and a 1-year high of $5.83. The firm’s 50-day moving average is $4.45 and its 200-day moving average is $4.40.
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The company also recently declared a dividend, which will be paid on Monday, November 14th. Investors of record on Monday, October 17th will be paid a $0.038 dividend. The ex-dividend date of this dividend is Thursday, October 13th. Banco Santander SA’s dividend payout ratio is currently 38.64%.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. SOL Capital Management CO increased its position in shares of Banco Santander SA by 13.0% in the second quarter. SOL Capital Management CO now owns 74,114 shares of the company’s stock worth $291,000 after buying an additional 8,516 shares in the last quarter. Midas Management Corp purchased a new position in shares of Banco Santander SA during the second quarter worth about $1,021,000. Green Square Capital LLC bought a new stake in shares of Banco Santander SA during the second quarter valued at $102,000. NewSquare Capital LLC increased its stake in shares of Banco Santander SA by 18.6% in the second quarter. NewSquare Capital LLC now owns 165,660 shares of the company’s stock valued at $649,000 after buying an additional 26,029 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Banco Santander SA during the second quarter valued at $6,908,000. Institutional investors own 0.63% of the company’s stock.
About Banco Santander SA
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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