Banco Santander, S.A. (NYSE:SAN) Receives Average Rating of “Hold” from Brokerages

Shares of Banco Santander, S.A. (NYSE:SAN) have been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company.

SAN has been the subject of several recent analyst reports. Kepler Capital Markets upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Tuesday, January 13th. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, January 21st. Zacks Research cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. UBS Group lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Finally, The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, October 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Dynasty Wealth Management LLC acquired a new stake in Banco Santander in the third quarter valued at $1,743,000. Pekin Hardy Strauss Inc. boosted its position in shares of Banco Santander by 104.3% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 241,250 shares of the bank’s stock worth $2,002,000 after buying an additional 123,150 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in Banco Santander by 52.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 500,590 shares of the bank’s stock valued at $5,211,000 after acquiring an additional 172,042 shares during the last quarter. Choreo LLC increased its holdings in Banco Santander by 20.4% during the 2nd quarter. Choreo LLC now owns 120,933 shares of the bank’s stock valued at $1,004,000 after acquiring an additional 20,530 shares in the last quarter. Finally, TrueMark Investments LLC raised its position in Banco Santander by 18.3% during the second quarter. TrueMark Investments LLC now owns 271,453 shares of the bank’s stock worth $2,253,000 after acquiring an additional 42,044 shares during the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Trading Down 0.5%

Shares of SAN stock opened at $12.73 on Wednesday. Banco Santander has a 12 month low of $5.54 and a 12 month high of $13.11. The company has a market cap of $189.49 billion, a P/E ratio of 12.60 and a beta of 0.72. The firm has a fifty day moving average price of $11.98 and a 200 day moving average price of $10.64.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Tuesday, February 3rd. The bank reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%.The company had revenue of $18.90 billion during the quarter, compared to the consensus estimate of $15.89 billion. On average, equities analysts forecast that Banco Santander will post 0.83 EPS for the current year.

About Banco Santander

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.