Banco Santander (NYSE:SAN) Stock Rating Upgraded by Wall Street Zen

Banco Santander (NYSE:SAN) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

SAN has been the topic of several other research reports. Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday, July 29th. Santander reiterated a “buy” rating on shares of Banco Santander in a research report on Tuesday, June 23rd. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Banco Santander currently has an average rating of “Moderate Buy”.

Banco Santander Trading Up 0.2%

Shares of NYSE:SAN opened at $14.34 on Friday. Banco Santander has a 12-month low of $9.62 and a 12-month high of $15.05. The business has a 50 day moving average of $14.35 and a two-hundred day moving average of $12.98. The company has a market capitalization of $210.57 billion, a PE ratio of 11.65, a PEG ratio of 0.71 and a beta of 0.74.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, July 22nd. 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 12.43% and a net margin of 26.94%.The firm had revenue of $17.93 billion for the quarter, compared to analyst estimates of $17.90 billion. Equities research analysts predict that Banco Santander will post 1.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Banco Santander

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its position in Banco Santander by 118.9% during the first quarter. Bank of America Corp DE now owns 11,413,194 shares of the bank’s stock worth $128,741,000 after acquiring an additional 6,198,828 shares during the period. Quantinno Capital Management LP grew its position in shares of Banco Santander by 37.9% in the first quarter. Quantinno Capital Management LP now owns 2,566,939 shares of the bank’s stock valued at $28,955,000 after purchasing an additional 705,034 shares during the period. Compass Rose Asset Management LP purchased a new stake in shares of Banco Santander during the first quarter worth about $7,163,000. Capital Wealth Planning LLC raised its holdings in shares of Banco Santander by 87.8% during the fourth quarter. Capital Wealth Planning LLC now owns 939,147 shares of the bank’s stock valued at $11,336,000 after acquiring an additional 438,971 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Banco Santander by 2.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 18,037,272 shares of the bank’s stock valued at $211,577,000 after purchasing an additional 398,787 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

About Banco Santander

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.