Banco Santander, S.A. (NYSE:SAN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Banco Santander, S.A. (NYSE:SAN) have been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company.

A number of research firms have issued reports on SAN. Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Santander restated a “buy” rating on shares of Banco Santander in a research report on Tuesday, June 23rd. Finally, Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd.

Hedge Funds Weigh In On Banco Santander

A number of institutional investors have recently bought and sold shares of SAN. Acumen Wealth Advisors LLC increased its position in Banco Santander by 117.9% in the first quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock worth $26,000 after buying an additional 1,249 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Banco Santander during the 1st quarter valued at about $28,000. Eagle Bay Advisors LLC bought a new position in shares of Banco Santander during the 4th quarter valued at approximately $31,000. Cullen Frost Bankers Inc. bought a new position in shares of Banco Santander during the 4th quarter valued at approximately $34,000. Finally, Financial Management Professionals Inc. increased its holdings in Banco Santander by 151.1% in the 2nd quarter. Financial Management Professionals Inc. now owns 2,471 shares of the bank’s stock worth $34,000 after acquiring an additional 1,487 shares in the last quarter. 9.19% of the stock is owned by institutional investors.

Banco Santander Stock Performance

Shares of NYSE SAN traded up $0.08 during midday trading on Friday, hitting $13.87. 5,917,525 shares of the stock traded hands, compared to its average volume of 7,718,698. The firm has a market capitalization of $203.70 billion, a P/E ratio of 11.46, a PEG ratio of 0.79 and a beta of 0.72. Banco Santander has a one year low of $8.28 and a one year high of $14.39. The firm has a 50-day moving average of $12.80 and a two-hundred day moving average of $12.25.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $17.53 billion during the quarter, compared to the consensus estimate of $17.66 billion. Banco Santander had a return on equity of 12.23% and a net margin of 26.92%. Equities analysts forecast that Banco Santander will post 1.11 earnings per share for the current fiscal year.

About Banco Santander

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.