Banco Santander (SAN) Raised to “Hold” at Zacks Investment Research
Banco Santander (NYSE:SAN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.
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. “
Separately, Goldman Sachs Group upgraded Banco Santander from a “neutral” rating to a “buy” rating and set a $6.20 price target on the stock in a research note on Friday, November 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $13.15.
Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $0.14 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.14. Banco Santander had a return on equity of 6.86% and a net margin of 14.06%. The company had revenue of $14.39 billion for the quarter. analysts anticipate that Banco Santander will post 0.55 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of SAN. Rhumbline Advisers acquired a new stake in shares of Banco Santander during the second quarter worth about $108,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Banco Santander by 9.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 41,637 shares of the bank’s stock worth $279,000 after purchasing an additional 3,749 shares in the last quarter. Eagle Asset Management Inc. increased its position in shares of Banco Santander by 11.8% during the second quarter. Eagle Asset Management Inc. now owns 37,822 shares of the bank’s stock worth $253,000 after purchasing an additional 3,986 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Banco Santander by 35.1% during the second quarter. Oppenheimer & Co. Inc. now owns 35,925 shares of the bank’s stock worth $240,000 after purchasing an additional 9,329 shares in the last quarter. Finally, HPM Partners LLC increased its position in shares of Banco Santander by 0.9% during the second quarter. HPM Partners LLC now owns 126,014 shares of the bank’s stock worth $843,000 after purchasing an additional 1,124 shares in the last quarter. Institutional investors own 1.25% of the company’s stock.
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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