Banco Santander (NYSE:SAN) Upgraded by StockNews.com to Buy Rating

Banco Santander (NYSE:SAN) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

A number of other brokerages have also recently issued reports on SAN. Keefe, Bruyette & Woods raised shares of Banco Santander from a “hold” rating to a “moderate buy” rating in a report on Monday, February 24th. The Goldman Sachs Group cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Banco Santander has an average rating of “Buy”.

Banco Santander Trading Up 1.7%

Shares of Banco Santander stock opened at $7.70 on Tuesday. Banco Santander has a 12-month low of $4.27 and a 12-month high of $7.70. The stock has a market cap of $116.67 billion, a P/E ratio of 9.28, a P/E/G ratio of 0.77 and a beta of 0.97. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83. The business’s 50 day moving average is $6.82 and its 200-day moving average is $5.69.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, April 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $15.94 billion. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. Equities research analysts predict that Banco Santander will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wedmont Private Capital lifted its holdings in shares of Banco Santander by 11.4% during the fourth quarter. Wedmont Private Capital now owns 34,884 shares of the bank’s stock worth $161,000 after buying an additional 3,565 shares in the last quarter. Traveka Wealth LLC bought a new position in shares of Banco Santander during the fourth quarter worth approximately $171,000. Fiduciary Financial Group LLC increased its holdings in shares of Banco Santander by 15.0% during the fourth quarter. Fiduciary Financial Group LLC now owns 18,882 shares of the bank’s stock worth $87,000 after purchasing an additional 2,461 shares during the period. Kathmere Capital Management LLC increased its holdings in shares of Banco Santander by 4.9% during the fourth quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank’s stock worth $228,000 after purchasing an additional 2,320 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in shares of Banco Santander by 23.3% during the fourth quarter. Park Avenue Securities LLC now owns 154,297 shares of the bank’s stock worth $704,000 after purchasing an additional 29,174 shares during the period. 9.19% of the stock is owned by institutional investors.

Banco Santander Company Profile

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.