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

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

SAN has been the subject of several recent research reports. Wall Street Zen downgraded Banco Santander from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Santander reaffirmed a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Finally, Weiss Ratings lowered Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, July 29th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Acumen Wealth Advisors LLC grew its stake in Banco Santander by 117.9% during the 1st quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock worth $26,000 after purchasing an additional 1,249 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Banco Santander in the 1st quarter valued at about $28,000. Cullen Frost Bankers Inc. acquired a new position in shares of Banco Santander during the fourth quarter worth about $34,000. Financial Management Professionals Inc. grew its position in shares of Banco Santander by 151.1% during the second quarter. Financial Management Professionals Inc. now owns 2,471 shares of the bank’s stock worth $34,000 after buying an additional 1,487 shares in the last quarter. Finally, Compass Financial Management LLC purchased a new stake in shares of Banco Santander during the second quarter worth approximately $34,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Stock Performance

Shares of SAN opened at $14.74 on Monday. The business’s 50-day moving average is $14.13 and its two-hundred day moving average is $12.79. The company has a market capitalization of $216.56 billion, a P/E ratio of 11.99, a P/E/G ratio of 0.71 and a beta of 0.74. Banco Santander has a fifty-two week low of $9.38 and a fifty-two week high of $15.00.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Banco Santander had a return on equity of 12.43% and a net margin of 26.94%.The firm had revenue of $17.93 billion for the quarter, compared to analysts’ expectations of $17.90 billion. Analysts forecast that Banco Santander will post 1.25 EPS for the current 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.