Banco Santander (NYSE:SAN) Stock Moved Down to “Hold” by Erste Group Bank

Banco Santander (NYSE:SAN) was downgraded by equities researchers at Erste Group Bank from a “buy” rating to a “hold” rating in a note issued to investors on Friday, Briefing.com reports. Erste Group Bank also issued estimates for Banco Santander’s FY2026 earnings at $1.16 EPS and FY2027 earnings at $1.43 EPS.

SAN has been the topic of a number of other research reports. Royal Bank Of Canada reissued a “buy” rating on shares of Banco Santander in a report on Tuesday, July 28th. Barclays reaffirmed a “buy” rating on shares of Banco Santander in a research report on Tuesday, July 14th. Mediobanca reiterated an “outperform” rating on shares of Banco Santander in a research note on Tuesday, September 15th. UBS Group reiterated a “buy” rating on shares of Banco Santander in a research note on Monday, September 21st. Finally, Jefferies Financial Group cut shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Banco Santander currently has a consensus rating of “Moderate Buy” and an average target price of $15.10.

Banco Santander Stock Up 0.6%

Shares of SAN opened at $11.76 on Friday. The stock has a 50 day moving average price of $13.96 and a 200 day moving average price of $12.96. The company has a market capitalization of $172.67 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 0.57 and a beta of 0.74. Banco Santander has a 52-week low of $9.96 and a 52-week high of $15.05.

Hedge Funds Weigh In On Banco Santander

A number of hedge funds have recently modified their holdings of the business. Acumen Wealth Advisors LLC raised its position in Banco Santander by 117.9% in the 1st quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock valued at $26,000 after purchasing an additional 1,249 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Banco Santander during the 1st quarter worth $28,000. Financial Management Professionals Inc. grew its position in Banco Santander by 151.1% during the 2nd quarter. Financial Management Professionals Inc. now owns 2,471 shares of the bank’s stock worth $34,000 after purchasing an additional 1,487 shares during the last quarter. Compass Financial Management LLC purchased a new position in Banco Santander during the 2nd quarter worth $34,000. Finally, Washington Trust Advisors Inc. acquired a new position in Banco Santander in the third quarter valued at $37,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

About Banco Santander

Banco Santander, SA is a Spain-based global banking group founded in 1857 and headquartered in Santander, Spain. The company provides financial services to individuals, businesses, institutions and governments through a network spanning Europe, North America and South America.

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

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