Shares of Banco Santander SA (NYSE:SAN) have earned an average rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $6.00.
Several equities analysts have recently weighed in on the company. ValuEngine cut Banco Santander from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. UBS Group cut Banco Santander from a “buy” rating to a “neutral” rating in a report on Thursday, July 18th. Finally, Zacks Investment Research upgraded Banco Santander from a “sell” rating to a “hold” rating in a report on Saturday, July 27th.
SAN traded down $0.11 during midday trading on Monday, reaching $3.91. 9,894,163 shares of the company were exchanged, compared to its average volume of 10,494,796. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 11.13. Banco Santander has a one year low of $3.96 and a one year high of $5.43. The firm has a market cap of $65.12 billion, a PE ratio of 7.11 and a beta of 1.14. The company’s 50-day simple moving average is $4.43.
Banco Santander (NYSE:SAN) last issued its earnings results on Tuesday, July 23rd. The bank reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). Banco Santander had a return on equity of 7.27% and a net margin of 14.99%. The company had revenue of $13.88 billion for the quarter. Equities analysts expect that Banco Santander will post 0.54 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the company. Cetera Advisor Networks LLC lifted its position in shares of Banco Santander by 36.1% during the 2nd quarter. Cetera Advisor Networks LLC now owns 17,649 shares of the bank’s stock valued at $83,000 after acquiring an additional 4,685 shares during the period. Cetera Advisors LLC lifted its position in shares of Banco Santander by 200.3% during the 2nd quarter. Cetera Advisors LLC now owns 56,757 shares of the bank’s stock valued at $260,000 after acquiring an additional 37,854 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Banco Santander by 22.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 375,956 shares of the bank’s stock valued at $1,722,000 after acquiring an additional 68,920 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Banco Santander during the 2nd quarter valued at $137,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Banco Santander by 1.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,019,320 shares of the bank’s stock valued at $22,968,000 after acquiring an additional 89,515 shares during the period. Institutional investors and hedge funds own 1.72% of the company’s stock.
About Banco Santander
Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; debt capital markets and global markets services; and debit and credit cards.
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