Banco Santander (NYSE:SAN) Cut to Hold at StockNews.com

StockNews.com cut shares of Banco Santander (NYSE:SAN) from a buy rating to a hold rating in a report released on Tuesday.

Separately, Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th.

Banco Santander Stock Performance

Banco Santander stock opened at $5.04 on Tuesday. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33. Banco Santander has a one year low of $3.83 and a one year high of $5.27. The stock’s 50 day moving average price is $4.70 and its 200 day moving average price is $4.80. The firm has a market capitalization of $79.68 billion, a PE ratio of 6.29, a price-to-earnings-growth ratio of 0.60 and a beta of 1.11.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in shares of Banco Santander in the 4th quarter valued at about $27,000. Wilmington Savings Fund Society FSB acquired a new stake in Banco Santander during the third quarter valued at approximately $45,000. AE Wealth Management LLC acquired a new position in shares of Banco Santander in the 2nd quarter worth approximately $50,000. Groupama Asset Managment bought a new stake in shares of Banco Santander in the 3rd quarter valued at approximately $53,000. Finally, Echo45 Advisors LLC acquired a new stake in shares of Banco Santander during the 4th quarter valued at approximately $53,000. 9.19% of the stock is currently owned by institutional investors.

About Banco Santander

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.