Banco Santander, S.A. (SAN) Given Consensus Recommendation of “Hold” by Brokerages
Banco Santander, S.A. (NYSE:SAN) has earned an average recommendation of “Hold” from the sixteen brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $25.50.
A number of research analysts have recently commented on SAN shares. ValuEngine cut Banco Santander, from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised Banco Santander, from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. BidaskClub cut Banco Santander, from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Bank of America Corporation raised Banco Santander, from an “underperform” rating to a “neutral” rating in a research note on Friday, June 9th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of Banco Santander, in a research note on Tuesday, August 15th.
Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP purchased a new stake in Banco Santander, during the first quarter worth $6,464,000. Stifel Financial Corp lifted its holdings in Banco Santander, by 12.3% during the first quarter. Stifel Financial Corp now owns 557,347 shares of the bank’s stock worth $3,378,000 after buying an additional 61,077 shares during the period. Fifth Third Bancorp lifted its holdings in Banco Santander, by 41.0% during the first quarter. Fifth Third Bancorp now owns 65,046 shares of the bank’s stock worth $395,000 after buying an additional 18,930 shares during the period. Pacer Advisors Inc. lifted its holdings in Banco Santander, by 409.9% during the second quarter. Pacer Advisors Inc. now owns 151,887 shares of the bank’s stock worth $1,016,000 after buying an additional 122,097 shares during the period. Finally, WBI Investments Inc. purchased a new stake in Banco Santander, during the second quarter worth $3,171,000. Institutional investors own 1.30% of the company’s stock.
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Banco Santander, (NYSE:SAN) traded down 0.60% on Friday, hitting $6.66. The stock had a trading volume of 3,917,212 shares. Banco Santander, has a 1-year low of $4.19 and a 1-year high of $6.99. The stock’s 50-day moving average is $6.59 and its 200 day moving average is $6.43. The firm has a market capitalization of $102.43 billion, a price-to-earnings ratio of 12.31 and a beta of 1.38.
Banco Santander, (NYSE:SAN) last released its earnings results on Friday, July 28th. The bank reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The business had revenue of $13.10 billion for the quarter. Banco Santander, had a net margin of 14.98% and a return on equity of 6.70%. On average, equities research analysts predict that Banco Santander, will post $0.49 earnings per share for the current fiscal year.
About Banco Santander,
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.
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