Downgrades Banco Santander (NYSE:SAN) to Buy

Banco Santander (NYSE:SANGet Free Report) was downgraded by equities research analysts at from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

Separately, Barclays raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 25th.

Check Out Our Latest Research Report on SAN

Banco Santander Price Performance

Shares of Banco Santander stock opened at $4.75 on Wednesday. The company has a debt-to-equity ratio of 13.96, a current ratio of 2.27 and a quick ratio of 0.35. Banco Santander has a fifty-two week low of $3.32 and a fifty-two week high of $5.27. The firm has a fifty day moving average price of $4.99 and a two-hundred day moving average price of $4.47. The company has a market cap of $75.09 billion, a PE ratio of 6.59, a price-to-earnings-growth ratio of 0.42 and a beta of 1.17.

Banco Santander (NYSE:SANGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The bank reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Banco Santander had a net margin of 14.98% and a return on equity of 10.95%. The company had revenue of $16.34 billion during the quarter. Analysts expect that Banco Santander will post 0.83 EPS for the current year.

Hedge Funds Weigh In On Banco Santander

A number of hedge funds and other institutional investors have recently made changes to their positions in SAN. Optiver Holding B.V. lifted its holdings in shares of Banco Santander by 770.4% during the 3rd quarter. Optiver Holding B.V. now owns 7,722,405 shares of the bank’s stock worth $29,036,000 after acquiring an additional 6,835,153 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of Banco Santander by 41.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 14,148,083 shares of the bank’s stock worth $58,699,000 after acquiring an additional 4,139,669 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Banco Santander by 658.7% during the 4th quarter. BNP Paribas Financial Markets now owns 1,072,836 shares of the bank’s stock worth $4,442,000 after acquiring an additional 931,429 shares during the period. QRG Capital Management Inc. bought a new position in Banco Santander during the 3rd quarter valued at about $3,488,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Banco Santander by 6.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 15,786,825 shares of the bank’s stock valued at $65,357,000 after purchasing an additional 892,960 shares during the last quarter. 9.19% of the stock is owned by institutional investors.

About Banco Santander

(Get Free Report)

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.

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