Banco Santander (NYSE:SAN) Upgraded by Keefe, Bruyette & Woods to Moderate Buy Rating

Banco Santander (NYSE:SAN) was upgraded by research analysts at Keefe, Bruyette & Woods from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on the company. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. The Goldman Sachs Group downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Banco Santander currently has a consensus rating of “Buy”.

Banco Santander Price Performance

Shares of NYSE SAN opened at $6.34 on Monday. The business’s 50 day moving average price is $5.11 and its 200 day moving average price is $4.95. The firm has a market cap of $95.99 billion, a P/E ratio of 7.63, a P/E/G ratio of 0.77 and a beta of 1.12. Banco Santander has a 52 week low of $4.07 and a 52 week high of $6.39. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. On average, sell-side analysts expect that Banco Santander will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Larson Financial Group LLC raised its stake in shares of Banco Santander by 2,226.3% during the 4th quarter. Larson Financial Group LLC now owns 5,839 shares of the bank’s stock worth $27,000 after buying an additional 5,588 shares during the period. R Squared Ltd acquired a new position in shares of Banco Santander during the 4th quarter worth approximately $27,000. Sierra Ocean LLC acquired a new position in shares of Banco Santander during the 4th quarter worth approximately $32,000. WealthCollab LLC raised its stake in shares of Banco Santander by 35.1% during the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank’s stock worth $36,000 after buying an additional 2,028 shares during the period. Finally, Advisors Preferred LLC acquired a new position in shares of Banco Santander during the 4th quarter worth approximately $37,000. 9.19% of the stock is owned by institutional investors and hedge funds.

About Banco Santander

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.