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

Banco Santander, S.A. (NYSE:SAN) has received an average recommendation of “Buy” from the four brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company.

A number of equities analysts have recently issued reports on SAN shares. StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods raised Banco Santander from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 24th. Finally, The Goldman Sachs Group downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th.

Institutional Trading of Banco Santander

Several institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd acquired a new position in shares of Banco Santander during the 4th quarter worth approximately $27,000. Larson Financial Group LLC lifted its position in shares of Banco Santander by 2,226.3% in the fourth quarter. Larson Financial Group LLC now owns 5,839 shares of the bank’s stock valued at $27,000 after acquiring an additional 5,588 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Banco Santander during the fourth quarter valued at $32,000. WealthCollab LLC raised its stake in Banco Santander by 35.1% in the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,028 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new position in Banco Santander in the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Price Performance

Shares of SAN opened at $6.39 on Wednesday. The firm has a market capitalization of $96.75 billion, a PE ratio of 7.69, a P/E/G ratio of 0.77 and a beta of 1.12. The stock’s 50 day moving average is $5.22 and its two-hundred day moving average is $4.99. Banco Santander has a twelve month low of $4.07 and a twelve month high of $6.50. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, February 5th. The bank reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. Research analysts anticipate that Banco Santander will post 0.83 earnings per share for the current year.

Banco Santander Company Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.