Keefe, Bruyette & Woods Upgrades Banco Santander (NYSE:SAN) to “Moderate Buy”

Keefe, Bruyette & Woods upgraded shares of Banco Santander (NYSE:SAN) from a hold rating to a moderate buy rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. Finally, StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Banco Santander Trading Up 2.0 %

Shares of SAN opened at $6.45 on Monday. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. Banco Santander has a fifty-two week low of $4.07 and a fifty-two week high of $6.50. The firm has a 50 day moving average price of $5.15 and a 200-day moving average price of $4.96. The firm has a market cap of $97.66 billion, a price-to-earnings ratio of 7.77, a PEG ratio of 0.77 and a beta of 1.12.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. As a group, equities research analysts forecast that Banco Santander will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC increased its stake in shares of Banco Santander by 2,226.3% during the fourth quarter. Larson Financial Group LLC now owns 5,839 shares of the bank’s stock valued at $27,000 after buying an additional 5,588 shares during the period. R Squared Ltd purchased a new position in Banco Santander during the 4th quarter valued at $27,000. Sierra Ocean LLC bought a new position in Banco Santander in the 4th quarter worth $32,000. WealthCollab LLC lifted its position in shares of Banco Santander by 35.1% in the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank’s stock worth $36,000 after purchasing an additional 2,028 shares during the period. Finally, Advisors Preferred LLC bought a new stake in shares of Banco Santander during the 4th quarter valued at about $37,000. Institutional investors own 9.19% of the company’s stock.

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.