Banco Santander (NYSE:SAN) Stock Keeps “Hold” Rating at Jefferies Financial Group

Banco Santander (NYSE:SAN)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, Benzinga reports.

SAN has been the subject of several other research reports. DZ Bank reissued a “neutral” rating on shares of Banco Santander in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Banco Santander in a research note on Monday, July 27th. Mediobanca restated an “outperform” rating on shares of Banco Santander in a report on Tuesday, September 15th. UBS Group reaffirmed a “buy” rating on shares of Banco Santander in a research note on Monday, September 21st. Finally, Barclays reiterated a “buy” rating on shares of Banco Santander in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Banco Santander presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.10.

Banco Santander Stock Performance

Shares of NYSE SAN traded up $0.14 during trading hours on Tuesday, hitting $13.16. 4,523,298 shares of the stock were exchanged, compared to its average volume of 11,330,135. The company has a market cap of $193.38 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 0.68 and a beta of 0.74. The company’s fifty day simple moving average is $14.29 and its two-hundred day simple moving average is $13.39. Banco Santander has a 1-year low of $9.62 and a 1-year high of $15.05.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data 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 net margin of 26.94% and a return on equity of 12.43%. The firm had revenue of $17.93 billion during the quarter, compared to the consensus estimate of $17.90 billion. As a group, sell-side analysts expect that Banco Santander will post 1.21 EPS for the current fiscal year.

Institutional Trading of Banco Santander

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fiduciary Financial Group LLC boosted its stake in shares of Banco Santander by 4.0% in the 2nd quarter. Fiduciary Financial Group LLC now owns 20,658 shares of the bank’s stock valued at $285,000 after purchasing an additional 788 shares during the last quarter. Hidden Cove Wealth Management LLC raised its stake in Banco Santander by 7.8% during the third quarter. Hidden Cove Wealth Management LLC now owns 11,964 shares of the bank’s stock worth $165,000 after buying an additional 861 shares during the last quarter. LifeGoal Investments LLC raised its stake in Banco Santander by 9.0% during the third quarter. LifeGoal Investments LLC now owns 11,277 shares of the bank’s stock worth $156,000 after buying an additional 928 shares during the last quarter. Nilsine Partners LLC lifted its holdings in Banco Santander by 4.2% in the second quarter. Nilsine Partners LLC now owns 23,331 shares of the bank’s stock valued at $322,000 after buying an additional 936 shares during the period. Finally, Athena Wealth Management LLC lifted its holdings in Banco Santander by 3.7% in the third quarter. Athena Wealth Management LLC now owns 28,028 shares of the bank’s stock valued at $388,000 after buying an additional 987 shares during the period. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Company Profile

Banco Santander, SA is a Spain-based global banking group founded in 1857 and headquartered in Santander, Spain. The company provides financial services to individuals, businesses, institutions and governments through a network spanning Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, payments, asset management and private banking. Santander offers products and services such as current and savings accounts, mortgages, personal and business loans, credit cards, insurance, investment products, cash-management services and financing for corporate clients.

The group operates through established banking businesses in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.