Banco Santander (NYSE:SAN) Upgraded to “Strong-Buy” by StockNews.com

Banco Santander (NYSE:SAN) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Monday.

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

Banco Santander Trading Up 2.7 %

Shares of NYSE SAN opened at $5.03 on Monday. The company has a debt-to-equity ratio of 13.96, a current ratio of 2.27 and a quick ratio of 0.35. The stock has a market cap of $79.60 billion, a P/E ratio of 6.99, a price-to-earnings-growth ratio of 0.46 and a beta of 1.19. Banco Santander has a 1 year low of $3.20 and a 1 year high of $5.17. The firm has a 50-day moving average of $4.67 and a 200 day moving average of $4.24.

Institutional Trading of Banco Santander

A number of large investors have recently made changes to their positions in the stock. Sei Investments Co. grew its stake in shares of Banco Santander by 14.7% in the first quarter. Sei Investments Co. now owns 472,939 shares of the bank’s stock worth $2,289,000 after acquiring an additional 60,728 shares during the period. Atomi Financial Group Inc. grew its stake in shares of Banco Santander by 13.5% in the first quarter. Atomi Financial Group Inc. now owns 103,395 shares of the bank’s stock worth $500,000 after acquiring an additional 12,309 shares during the period. Susquehanna International Securities Ltd. bought a new stake in shares of Banco Santander in the first quarter worth approximately $1,261,000. Susquehanna International Group Ltd. bought a new stake in shares of Banco Santander in the first quarter worth approximately $845,000. Finally, Capital Wealth Planning LLC grew its position in Banco Santander by 216.2% during the first quarter. Capital Wealth Planning LLC now owns 294,147 shares of the bank’s stock valued at $1,424,000 after buying an additional 201,134 shares during the period. 9.19% of the stock is currently owned by institutional investors.

About Banco Santander

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.