Banco Santander (NYSE:SAN) Stock Rating Lowered by Wall Street Zen

Banco Santander (NYSE:SAN) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other brokerages have also recently commented on SAN. Weiss Ratings raised Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday. Santander reiterated a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Finally, Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Banco Santander Stock Down 0.7%

SAN opened at $13.53 on Friday. The stock has a market cap of $198.67 billion, a PE ratio of 11.18, a PEG ratio of 0.76 and a beta of 0.72. The business has a 50 day moving average of $12.94 and a 200-day moving average of $12.31. Banco Santander has a 52 week low of $8.29 and a 52 week high of $14.39.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a return on equity of 12.23% and a net margin of 26.92%.The business had revenue of $17.53 billion for the quarter, compared to the consensus estimate of $17.66 billion. Equities analysts anticipate that Banco Santander will post 1.14 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC raised its position in Banco Santander by 77.4% in the 1st quarter. AQR Capital Management LLC now owns 419,635 shares of the bank’s stock worth $2,812,000 after buying an additional 183,051 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Banco Santander by 3.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank’s stock valued at $482,000 after acquiring an additional 2,566 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Banco Santander by 271.2% in the first quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank’s stock worth $69,000 after acquiring an additional 7,508 shares during the period. Focus Partners Wealth raised its holdings in shares of Banco Santander by 65.3% during the first quarter. Focus Partners Wealth now owns 71,169 shares of the bank’s stock valued at $477,000 after purchasing an additional 28,107 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Banco Santander during the first quarter valued at approximately $601,000. 9.19% of the stock is owned by institutional investors.

Banco Santander Company Profile

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.