Banco Santander, S.A. (SAN) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Banco Santander, S.A. (NYSE:SAN) have been assigned a consensus recommendation of “Buy” from the sixteen brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.63.
Several brokerages have commented on SAN. Zacks Investment Research downgraded Banco Santander, from a “buy” rating to a “hold” rating in a report on Friday, September 29th. ValuEngine raised Banco Santander, from a “buy” rating to a “strong-buy” rating in a report on Monday, July 17th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Banco Santander, in a report on Tuesday, August 15th. Finally, BidaskClub downgraded Banco Santander, from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th.
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Several large investors have recently made changes to their positions in SAN. Fisher Asset Management LLC lifted its stake in shares of Banco Santander, by 20,016.6% in the 2nd quarter. Fisher Asset Management LLC now owns 78,057,067 shares of the bank’s stock valued at $522,202,000 after purchasing an additional 77,669,044 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Banco Santander, by 690.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,573,247 shares of the bank’s stock valued at $43,975,000 after purchasing an additional 5,741,913 shares during the period. Senvest Management LLC acquired a new position in shares of Banco Santander, in the 2nd quarter valued at about $8,363,000. Todd Asset Management LLC lifted its stake in shares of Banco Santander, by 44.9% in the 2nd quarter. Todd Asset Management LLC now owns 3,574,941 shares of the bank’s stock valued at $23,916,000 after purchasing an additional 1,107,295 shares during the period. Finally, Wellington Management Group LLP acquired a new position in shares of Banco Santander, in the 1st quarter valued at about $6,464,000. 1.30% of the stock is currently owned by institutional investors.
Banco Santander, (NYSE:SAN) traded down 1.76% during trading on Wednesday, reaching $6.70. The company’s stock had a trading volume of 5,156,148 shares. The firm has a 50 day moving average price of $6.63 and a 200-day moving average price of $6.56. The stock has a market cap of $103.05 billion, a price-to-earnings ratio of 12.32 and a beta of 1.38. Banco Santander, has a 52-week low of $4.23 and a 52-week high of $6.99.
Banco Santander, (NYSE:SAN) last announced its earnings results on Friday, July 28th. The bank reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The company had revenue of $13.10 billion for the quarter. Banco Santander, had a return on equity of 6.70% and a net margin of 14.98%. On average, analysts expect that Banco Santander, will post $0.49 earnings per share for the current year.
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.
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