Banco Santander, S.A. (NYSE:SAN) Receives Average Rating of “Buy” from Brokerages

Shares of Banco Santander, S.A. (NYSE:SAN) have earned a consensus rating of “Buy” from the four analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company.

SAN has been the topic of a number of research reports. Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th. Citigroup started coverage on shares of Banco Santander in a research report on Wednesday, June 4th. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods upgraded shares of Banco Santander from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 24th. Finally, The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th.

Institutional Trading of Banco Santander

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAN. Larson Financial Group LLC grew its stake in shares of Banco Santander by 2,226.3% in the fourth quarter. Larson Financial Group LLC now owns 5,839 shares of the bank’s stock valued at $27,000 after acquiring an additional 5,588 shares in the last quarter. Wayfinding Financial LLC bought a new position in Banco Santander in the 1st quarter valued at approximately $28,000. Sierra Ocean LLC bought a new position in Banco Santander in the 4th quarter valued at approximately $32,000. WealthCollab LLC raised its holdings in Banco Santander by 35.1% in the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank’s stock valued at $36,000 after buying an additional 2,028 shares during the last quarter. Finally, Advisors Preferred LLC bought a new position in Banco Santander during the 4th quarter worth approximately $37,000. 9.19% of the stock is owned by institutional investors.

Banco Santander Price Performance

Shares of NYSE SAN opened at $7.92 on Friday. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. Banco Santander has a twelve month low of $4.27 and a twelve month high of $8.08. The company has a market capitalization of $119.93 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.77 and a beta of 1.00. The firm has a 50-day moving average of $7.25 and a two-hundred day moving average of $6.11.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, April 30th. The bank reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $15.94 billion. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. As a group, analysts expect that Banco Santander will post 0.83 earnings per share for the current fiscal year.

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.