Banco Santander (NYSE:SAN) Stock Rating Upgraded by Morgan Stanley

Banco Santander (NYSE:SAN) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Tuesday,Briefing.com Automated Import reports.

Several other brokerages have also recently weighed in on SAN. UBS Group raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. StockNews.com downgraded Banco Santander from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

Banco Santander Stock Performance

Shares of Banco Santander stock opened at $4.64 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08. Banco Santander has a twelve month low of $3.83 and a twelve month high of $5.27. The stock has a market cap of $73.43 billion, a price-to-earnings ratio of 5.80, a P/E/G ratio of 0.43 and a beta of 1.14. The company’s fifty day moving average is $4.92 and its 200 day moving average is $4.87.

Institutional Trading of Banco Santander

Several large investors have recently made changes to their positions in the company. Fisher Asset Management LLC grew its stake in shares of Banco Santander by 1.4% in the 3rd quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock valued at $732,284,000 after buying an additional 2,011,150 shares during the period. FMR LLC grew its stake in shares of Banco Santander by 33.9% in the 3rd quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock valued at $106,558,000 after buying an additional 5,290,236 shares during the period. Groupama Asset Managment bought a new position in Banco Santander in the 3rd quarter valued at about $53,000. Teachers Retirement System of The State of Kentucky lifted its position in Banco Santander by 5.0% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 5,066,760 shares of the bank’s stock valued at $23,459,000 after acquiring an additional 242,000 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC bought a new position in Banco Santander in the 3rd quarter valued at about $22,500,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

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.