Banco Santander, S.A. (NYSE:SAN) Receives Consensus Rating of “Hold” from Brokerages

Banco Santander, S.A. (NYSE:SAN) has received an average rating of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company.

A number of equities research analysts have weighed in on the company. Zacks Research lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Barclays cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Kepler Capital Markets upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Tuesday, January 13th. DZ Bank downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, January 21st.

Institutional Trading of Banco Santander

Several institutional investors and hedge funds have recently bought and sold shares of SAN. Dynasty Wealth Management LLC bought a new stake in shares of Banco Santander during the 3rd quarter valued at about $1,743,000. Pekin Hardy Strauss Inc. lifted its holdings in Banco Santander by 104.3% in the second quarter. Pekin Hardy Strauss Inc. now owns 241,250 shares of the bank’s stock worth $2,002,000 after acquiring an additional 123,150 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in Banco Santander by 52.4% in the third quarter. TD Waterhouse Canada Inc. now owns 500,590 shares of the bank’s stock valued at $5,211,000 after acquiring an additional 172,042 shares during the period. Choreo LLC grew its holdings in shares of Banco Santander by 20.4% during the second quarter. Choreo LLC now owns 120,933 shares of the bank’s stock valued at $1,004,000 after purchasing an additional 20,530 shares during the last quarter. Finally, TrueMark Investments LLC raised its position in shares of Banco Santander by 18.3% during the 2nd quarter. TrueMark Investments LLC now owns 271,453 shares of the bank’s stock worth $2,253,000 after purchasing an additional 42,044 shares during the period. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Trading Down 1.5%

SAN opened at $11.87 on Wednesday. Banco Santander has a twelve month low of $5.54 and a twelve month high of $13.11. The firm has a market cap of $176.61 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.74 and a beta of 0.72. The company has a fifty day simple moving average of $12.05 and a 200 day simple moving average of $10.68.

Banco Santander (NYSE:SAN) last announced its earnings results on Tuesday, February 3rd. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%.The company had revenue of $18.90 billion during the quarter, compared to the consensus estimate of $15.89 billion. On average, analysts forecast that Banco Santander will post 0.83 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.