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 recommendation of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company.

Several brokerages have recently issued reports on SAN. Santander reissued a “buy” rating on shares of Banco Santander in a research report on Tuesday, June 23rd. Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. Finally, Weiss Ratings downgraded Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, July 29th.

Banco Santander Price Performance

Shares of NYSE SAN opened at $14.43 on Friday. Banco Santander has a 1 year low of $9.62 and a 1 year high of $15.05. The stock has a market capitalization of $211.89 billion, a P/E ratio of 11.73, a P/E/G ratio of 0.71 and a beta of 0.74. The company’s 50-day moving average is $14.43 and its 200 day moving average is $13.09.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $17.93 billion during the quarter, compared to analysts’ expectations of $17.90 billion. Banco Santander had a return on equity of 12.43% and a net margin of 26.94%. Research analysts anticipate that Banco Santander will post 1.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its stake in Banco Santander by 2.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 18,037,272 shares of the bank’s stock worth $211,577,000 after acquiring an additional 398,787 shares in the last quarter. Capital International Investors boosted its position in shares of Banco Santander by 1.6% in the 4th quarter. Capital International Investors now owns 14,766,849 shares of the bank’s stock worth $174,839,000 after purchasing an additional 237,825 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Banco Santander by 118.9% in the 1st quarter. Bank of America Corp DE now owns 11,413,194 shares of the bank’s stock worth $128,741,000 after buying an additional 6,198,828 shares during the last quarter. Quantinno Capital Management LP raised its stake in Banco Santander by 37.9% during the first quarter. Quantinno Capital Management LP now owns 2,566,939 shares of the bank’s stock valued at $28,955,000 after buying an additional 705,034 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Banco Santander by 32.1% in the first quarter. Bank of New York Mellon Corp now owns 1,535,847 shares of the bank’s stock worth $17,324,000 after acquiring an additional 373,646 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Company Profile

Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial products and services to individuals, businesses, institutions and governments through its banking operations in Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, private banking, asset management, insurance and payment services. Santander offers products such as current and savings accounts, mortgages, personal loans, credit cards, business financing, investment products and digital banking services.

The group operates through established franchises in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.