Banco Santander, S.A. (SAN) Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Banco Santander, S.A. (NYSE:SAN) from a buy rating to a hold rating in a research note published on Saturday, June 10th.

According to Zacks, “Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. The Bank provides banking services for individuals and companies, leasing, factoring, stockbrokerage and mutual fund services. “

SAN has been the subject of a number of other reports. Deutsche Bank AG reissued a buy rating on shares of Banco Santander, in a report on Tuesday, March 14th. Kepler Capital Markets reissued a buy rating on shares of Banco Santander, in a report on Wednesday, February 22nd. Societe Generale started coverage on shares of Banco Santander, in a report on Thursday, February 23rd. They issued a buy rating for the company. Keefe, Bruyette & Woods raised shares of Banco Santander, from an underperform rating to a market perform rating and set a $25.50 target price for the company in a report on Thursday, April 27th. Finally, Citigroup Inc. lowered shares of Banco Santander, from a buy rating to a neutral rating in a report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $16.63.

Shares of Banco Santander, (NYSE:SAN) opened at 6.60 on Friday. Banco Santander, has a 12-month low of $3.60 and a 12-month high of $6.99. The firm has a 50-day moving average of $6.64 and a 200-day moving average of $5.83. The company has a market cap of $96.23 billion, a P/E ratio of 14.10 and a beta of 1.52.

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Several institutional investors have recently made changes to their positions in the stock. Ballentine Partners LLC raised its position in shares of Banco Santander, by 0.4% in the first quarter. Ballentine Partners LLC now owns 117,366 shares of the bank’s stock valued at $713,000 after buying an additional 424 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Banco Santander, by 183.5% in the first quarter. Proficio Capital Partners LLC now owns 19,732 shares of the bank’s stock valued at $130,000 after buying an additional 12,773 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Banco Santander, by 63.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,653,000 shares of the bank’s stock valued at $10,034,000 after buying an additional 640,000 shares in the last quarter. Bank of Nova Scotia raised its position in shares of Banco Santander, by 155.1% in the first quarter. Bank of Nova Scotia now owns 64,795 shares of the bank’s stock valued at $393,000 after buying an additional 39,400 shares in the last quarter. Finally, FNY Partners Fund LP purchased a new position in shares of Banco Santander, during the first quarter valued at approximately $485,000. Hedge funds and other institutional investors own 0.71% of the company’s stock.

Banco Santander, Company Profile

Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.

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