Banco Santander (NYSE:SAN) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Banco Santander (NYSE:SAN) from a buy rating to a hold rating in a research note published on Saturday.

A number of other equities research analysts also recently commented on the stock. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Weiss Ratings raised Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday. Finally, Santander restated a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Banco Santander Stock Performance

SAN opened at $13.53 on Friday. The company’s 50-day simple moving average is $12.94 and its two-hundred day simple moving average is $12.31. The stock has a market capitalization of $198.67 billion, a P/E ratio of 11.18, a P/E/G ratio of 0.76 and a beta of 0.72. Banco Santander has a 52-week low of $8.29 and a 52-week high of $14.39.

Banco Santander (NYSE:SAN) last announced 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 return on equity of 12.23% and a net margin of 26.92%.The company had revenue of $17.53 billion during the quarter, compared to the consensus estimate of $17.66 billion. Research analysts forecast that Banco Santander will post 1.14 EPS for the current fiscal year.

Institutional Trading of Banco Santander

Large investors have recently added to or reduced their stakes in the business. Acumen Wealth Advisors LLC raised its position in Banco Santander by 117.9% in the first quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock worth $26,000 after acquiring an additional 1,249 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of Banco Santander during the 1st quarter worth $28,000. Eagle Bay Advisors LLC bought a new stake in shares of Banco Santander during the 4th quarter valued at $31,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Banco Santander in the 4th quarter worth $34,000. Finally, Financial Management Professionals Inc. raised its holdings in Banco Santander by 151.1% in 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 period. 9.19% of the stock is currently owned by institutional investors.

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.