Banco Santander, S.A. (NYSE:SAN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday, August 30th.
According to Zacks, “Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. The Bank provides banking services for individuals and companies, leasing, factoring, stockbrokerage and mutual fund services. “
SAN has been the topic of a number of other research reports. Bank of America Corporation upgraded Banco Santander, from an “underperform” rating to a “neutral” rating in a report on Friday, June 9th. ValuEngine upgraded Banco Santander, from a “buy” rating to a “strong-buy” rating in a report on Monday, July 17th. BidaskClub cut Banco Santander, from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Banco Santander, in a report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. Banco Santander, presently has a consensus rating of “Buy” and an average target price of $16.50.
Banco Santander, (SAN) traded down 0.60% during midday trading on Wednesday, reaching $6.66. The company had a trading volume of 3,917,212 shares. The company has a market capitalization of $102.43 billion, a P/E ratio of 12.31 and a beta of 1.38. Banco Santander, has a 1-year low of $4.19 and a 1-year high of $6.99. The firm has a 50-day moving average of $6.59 and a 200 day moving average of $6.43.
Banco Santander, (NYSE:SAN) last released its earnings results on Friday, July 28th. The bank reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). Banco Santander, had a return on equity of 6.70% and a net margin of 14.98%. The business had revenue of $13.10 billion for the quarter. On average, equities research analysts forecast that Banco Santander, will post $0.49 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. raised its position in shares of Banco Santander, by 0.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 44,299 shares of the bank’s stock worth $296,000 after buying an additional 160 shares during the period. Winslow Evans & Crocker Inc. raised its position in shares of Banco Santander, by 0.6% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 31,158 shares of the bank’s stock worth $208,000 after buying an additional 180 shares during the period. Weybosset Research & Management LLC raised its position in shares of Banco Santander, by 0.7% in the 2nd quarter. Weybosset Research & Management LLC now owns 34,247 shares of the bank’s stock worth $229,000 after buying an additional 241 shares during the period. EagleClaw Capital Managment LLC raised its position in shares of Banco Santander, by 0.4% in the 2nd quarter. EagleClaw Capital Managment LLC now owns 82,920 shares of the bank’s stock worth $554,000 after buying an additional 352 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of Banco Santander, by 0.6% in the 1st quarter. HighTower Advisors LLC now owns 65,877 shares of the bank’s stock worth $399,000 after buying an additional 375 shares during the period. 1.30% of the stock is currently owned by institutional investors and hedge funds.
About Banco Santander,
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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