Banco Santander, S.A. (NYSE:SAN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Banco Santander, S.A. (NYSE:SAN) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating on the company.

Several brokerages have recently weighed in on SAN. Weiss Ratings downgraded shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Santander reaffirmed an “outperform” rating on shares of Banco Santander in a research report on Tuesday, May 12th. Royal Bank Of Canada raised shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 23rd. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Finally, Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SAN. Root Financial Partners LLC purchased a new position in shares of Banco Santander in the 3rd quarter valued at $25,000. Acumen Wealth Advisors LLC raised its position in Banco Santander by 117.9% in the 1st quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock valued at $26,000 after purchasing an additional 1,249 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Banco Santander in the 1st quarter valued at $28,000. Eagle Bay Advisors LLC purchased a new stake in Banco Santander in the 4th quarter valued at $31,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in Banco Santander in the 4th quarter valued at $34,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Stock Down 1.3%

NYSE SAN opened at $12.43 on Friday. Banco Santander has a 52 week low of $7.82 and a 52 week high of $13.24. The stock has a market capitalization of $182.51 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 0.72 and a beta of 0.73. The firm has a 50 day moving average of $11.87 and a two-hundred day moving average of $11.75.

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

Banco Santander Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, May 8th. Investors of record on Monday, May 4th were given a $0.1473 dividend. This represents a dividend yield of 255.0%. The ex-dividend date of this dividend was Monday, May 4th. Banco Santander’s dividend payout ratio (DPR) is 17.36%.

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.