Banco Santander (NYSE:SAN) Stock Rating Lowered by The Goldman Sachs Group

Banco Santander (NYSE:SAN) was downgraded by research analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

SAN has been the topic of a number of other reports. StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Banco Santander has a consensus rating of “Buy”.

Banco Santander Stock Down 0.4 %

Shares of NYSE SAN opened at $5.92 on Wednesday. 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 firm has a market cap of $93.75 billion, a PE ratio of 7.14, a P/E/G ratio of 0.73 and a beta of 1.12. The company’s fifty day simple moving average is $4.89 and its 200 day simple moving average is $4.85. Banco Santander has a 12-month low of $3.88 and a 12-month high of $5.97.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. As a group, sell-side analysts forecast that Banco Santander will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SAN. First Trust Advisors LP grew its holdings in Banco Santander by 899.2% during the fourth quarter. First Trust Advisors LP now owns 399,656 shares of the bank’s stock worth $1,822,000 after buying an additional 359,660 shares in the last quarter. Forum Financial Management LP grew its stake in shares of Banco Santander by 25.6% in the 4th quarter. Forum Financial Management LP now owns 257,032 shares of the bank’s stock worth $1,172,000 after acquiring an additional 52,337 shares in the last quarter. GeoWealth Management LLC raised its holdings in shares of Banco Santander by 82.0% in the fourth quarter. GeoWealth Management LLC now owns 23,567 shares of the bank’s stock valued at $107,000 after purchasing an additional 10,615 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Banco Santander by 11.5% during the fourth quarter. NewEdge Advisors LLC now owns 122,924 shares of the bank’s stock valued at $561,000 after purchasing an additional 12,649 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Banco Santander by 284.9% during the fourth quarter. Barclays PLC now owns 670,513 shares of the bank’s stock worth $3,057,000 after purchasing an additional 496,309 shares during the last quarter. 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.