Banco Santander, S.A. (NYSE:SAN) Given Average Rating of “Moderate Buy” by Analysts

Banco Santander, S.A. (NYSE:SAN) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company.

A number of brokerages have recently commented on SAN. Santander reiterated a “buy” rating on shares of Banco Santander in a report on Tuesday, June 23rd. Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen downgraded Banco Santander from a “buy” rating to a “hold” rating in a report on Saturday, July 18th.

Hedge Funds Weigh In On Banco Santander

Several institutional investors have recently added to or reduced their stakes in SAN. Stiles Financial Services Inc acquired a new stake in Banco Santander in the 2nd quarter worth about $198,000. Nolet Wealth Management LLC grew its holdings in Banco Santander by 20.0% in the 2nd quarter. Nolet Wealth Management LLC now owns 13,359 shares of the bank’s stock valued at $184,000 after buying an additional 2,226 shares during the period. Fiduciary Financial Group LLC increased its stake in shares of Banco Santander by 4.0% during the 2nd quarter. Fiduciary Financial Group LLC now owns 20,658 shares of the bank’s stock valued at $285,000 after acquiring an additional 788 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of Banco Santander by 151.1% during 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 during the period. Finally, Aletheian Wealth Advisors LLC acquired a new stake in shares of Banco Santander in the second quarter worth approximately $144,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Stock Performance

Banco Santander stock opened at $14.83 on Thursday. Banco Santander has a fifty-two week low of $9.31 and a fifty-two week high of $14.93. The stock has a fifty day moving average of $13.64 and a two-hundred day moving average of $12.58. The company has a market capitalization of $217.84 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 0.78 and a beta of 0.73.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $17.93 billion for the quarter, compared to analysts’ expectations of $17.90 billion. Banco Santander had a return on equity of 12.43% and a net margin of 26.94%. On average, analysts forecast that Banco Santander will post 1.16 EPS for the current fiscal year.

Banco Santander Company Profile

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.