UBS Group upgraded shares of Banco Santander (NYSE:SAN) from a neutral rating to a buy rating in a research report report published on Monday, AR Network reports.
SAN has been the topic of several other research reports. Morgan Stanley reiterated an overweight rating on shares of Banco Santander in a research report on Tuesday, December 8th. BidaskClub cut shares of Banco Santander from a strong-buy rating to a buy rating in a research report on Tuesday, January 5th. Keefe, Bruyette & Woods raised shares of Banco Santander from a market perform rating to an outperform rating in a report on Tuesday, November 10th. Oddo Bhf raised shares of Banco Santander from a neutral rating to a buy rating in a report on Thursday, October 1st. Finally, Zacks Investment Research lowered shares of Banco Santander from a buy rating to a hold rating in a report on Friday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Banco Santander presently has an average rating of Hold and an average price target of $3.00.
NYSE SAN opened at $3.42 on Monday. Banco Santander has a 12 month low of $1.78 and a 12 month high of $4.26. The stock has a market cap of $59.30 billion, a price-to-earnings ratio of -6.33 and a beta of 1.07. The company’s 50 day moving average is $3.16 and its two-hundred day moving average is $2.46. The company has a current ratio of 0.44, a quick ratio of 0.22 and a debt-to-equity ratio of 5.08.
Banco Santander (NYSE:SAN) last released its earnings results on Monday, October 26th. The bank reported $0.10 EPS for the quarter. The company had revenue of $12.96 billion for the quarter. Banco Santander had a negative net margin of 15.84% and a positive return on equity of 7.31%. Sell-side analysts forecast that Banco Santander will post 0.18 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in Banco Santander by 11.5% in the second quarter. Bank of New York Mellon Corp now owns 478,466 shares of the bank’s stock valued at $1,153,000 after buying an additional 49,266 shares during the last quarter. Bank of Montreal Can raised its position in shares of Banco Santander by 2.5% in the 2nd quarter. Bank of Montreal Can now owns 220,933 shares of the bank’s stock valued at $535,000 after acquiring an additional 5,320 shares during the period. FMR LLC raised its position in shares of Banco Santander by 6.2% in the 2nd quarter. FMR LLC now owns 669,714 shares of the bank’s stock valued at $1,614,000 after acquiring an additional 39,263 shares during the period. Advisor Group Holdings Inc. raised its holdings in Banco Santander by 100.2% during the 2nd quarter. Advisor Group Holdings Inc. now owns 184,473 shares of the bank’s stock worth $446,000 after buying an additional 92,314 shares during the period. Finally, Bank of America Corp DE raised its holdings in Banco Santander by 105.2% during the 2nd quarter. Bank of America Corp DE now owns 8,798,144 shares of the bank’s stock worth $21,204,000 after buying an additional 4,510,176 shares during the period. Hedge funds and other institutional investors own 1.60% of the company’s stock.
About Banco Santander
Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies 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; insurance products; and debit and credit cards.
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