Banco Santander (NYSE:SAN) Rating Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of Banco Santander (NYSE:SAN) from a buy rating to a hold rating in a research report report published on Tuesday.

Separately, Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th.

Banco Santander Stock Up 3.6 %

Shares of Banco Santander stock opened at $5.04 on Tuesday. Banco Santander has a twelve month low of $3.83 and a twelve month high of $5.27. The stock has a market capitalization of $79.68 billion, a price-to-earnings ratio of 6.29, a PEG ratio of 0.60 and a beta of 1.11. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08. The business’s 50 day simple moving average is $4.70 and its 200-day simple moving average is $4.80.

Institutional Trading of Banco Santander

Several large investors have recently added to or reduced their stakes in SAN. Creative Planning grew its stake in shares of Banco Santander by 13.5% in the third quarter. Creative Planning now owns 1,341,733 shares of the bank’s stock worth $6,843,000 after purchasing an additional 159,610 shares in the last quarter. BNP Paribas Financial Markets grew its position in Banco Santander by 111.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 706,184 shares of the bank’s stock valued at $3,602,000 after buying an additional 372,690 shares in the last quarter. FMR LLC raised its position in shares of Banco Santander by 33.9% during the 3rd quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock worth $106,558,000 after buying an additional 5,290,236 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Banco Santander by 143.0% in the 3rd quarter. HighTower Advisors LLC now owns 345,524 shares of the bank’s stock worth $1,757,000 after acquiring an additional 203,322 shares during the period. Finally, Cerity Partners LLC boosted its holdings in shares of Banco Santander by 47.4% in the third quarter. Cerity Partners LLC now owns 668,343 shares of the bank’s stock valued at $3,409,000 after acquiring an additional 214,868 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

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.