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

Banco Santander, S.A. (NYSE:SAN) has earned an average rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company.

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, October 16th. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Zacks Research cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, DZ Bank downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 18th.

Banco Santander Stock Performance

NYSE SAN opened at $11.88 on Tuesday. Banco Santander has a fifty-two week low of $4.43 and a fifty-two week high of $11.88. The firm has a market capitalization of $176.90 billion, a P/E ratio of 12.64, a PEG ratio of 0.73 and a beta of 0.74. The stock has a 50-day simple moving average of $10.68 and a two-hundred day simple moving average of $9.71.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, October 29th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). Banco Santander had a net margin of 17.90% and a return on equity of 11.68%. The company had revenue of $26.22 billion for the quarter, compared to analysts’ expectations of $15.32 billion. As a group, analysts forecast that Banco Santander will post 0.83 earnings per share for the current year.

Banco Santander Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, November 6th. Investors of record on Friday, October 31st were issued a $0.0956 dividend. This represents a yield of 263.0%. The ex-dividend date of this dividend was Friday, October 31st. Banco Santander’s payout ratio is presently 20.21%.

Institutional Trading of Banco Santander

A number of institutional investors and hedge funds have recently modified their holdings of SAN. Pekin Hardy Strauss Inc. raised its position in Banco Santander by 104.3% in the second quarter. Pekin Hardy Strauss Inc. now owns 241,250 shares of the bank’s stock valued at $2,002,000 after purchasing an additional 123,150 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Banco Santander by 17.8% in the first quarter. Russell Investments Group Ltd. now owns 362,080 shares of the bank’s stock valued at $2,426,000 after buying an additional 54,664 shares in the last quarter. OLD Mission Capital LLC raised its holdings in shares of Banco Santander by 46.4% in the 1st quarter. OLD Mission Capital LLC now owns 887,446 shares of the bank’s stock valued at $5,946,000 after buying an additional 281,101 shares during the period. Choreo LLC lifted its stake in Banco Santander by 20.4% during the 2nd quarter. Choreo LLC now owns 120,933 shares of the bank’s stock worth $1,004,000 after acquiring an additional 20,530 shares in the last quarter. Finally, TrueMark Investments LLC boosted its holdings in Banco Santander by 18.3% during the 2nd quarter. TrueMark Investments LLC now owns 271,453 shares of the bank’s stock valued at $2,253,000 after acquiring an additional 42,044 shares during the period. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Company Profile

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.