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

Shares of Banco Santander, S.A. (NYSE:SAN) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company.

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 23rd. Weiss Ratings cut Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Finally, Santander reaffirmed a “buy” rating on shares of Banco Santander in a research report on Tuesday, June 23rd.

Institutional Investors Weigh In On Banco Santander

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acumen Wealth Advisors LLC boosted its position in shares of Banco Santander by 117.9% during the 1st quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock worth $26,000 after purchasing an additional 1,249 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Banco Santander during the 1st quarter worth approximately $28,000. Financial Management Professionals Inc. boosted its holdings in Banco Santander by 151.1% in the second quarter. Financial Management Professionals Inc. now owns 2,471 shares of the bank’s stock worth $34,000 after acquiring an additional 1,487 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Banco Santander in the fourth quarter valued at approximately $31,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in Banco Santander in the fourth quarter valued at approximately $34,000. 9.19% of the stock is owned by institutional investors.

Banco Santander Stock Up 0.0%

Shares of NYSE SAN opened at $13.66 on Friday. The company has a market capitalization of $200.73 billion, a PE ratio of 11.29, a P/E/G ratio of 0.78 and a beta of 0.72. Banco Santander has a twelve month low of $8.28 and a twelve month high of $14.39. The firm has a fifty day simple moving average of $12.86 and a 200 day simple moving average of $12.28.

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

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.