Banco Santander (NYSE:SAN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Banco Santander (NYSE:SAN) from a hold rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.

Several other analysts also recently issued reports on SAN. Weiss Ratings downgraded Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, July 29th. Santander reissued a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Banco Santander Stock Up 2.2%

SAN stock opened at $14.62 on Friday. The firm has a 50 day moving average of $14.37 and a two-hundred day moving average of $13.00. Banco Santander has a 12 month low of $9.62 and a 12 month high of $15.05. The company has a market capitalization of $214.76 billion, a price-to-earnings ratio of 11.89, a P/E/G ratio of 0.71 and a beta of 0.74.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $17.93 billion during the quarter, compared to analyst estimates of $17.90 billion. Banco Santander had a net margin of 26.94% and a return on equity of 12.43%. On average, research analysts expect that Banco Santander will post 1.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Banco Santander

A number of institutional investors have recently made changes to their positions in SAN. Fiduciary Financial Group LLC grew its position in Banco Santander by 4.0% in the second quarter. Fiduciary Financial Group LLC now owns 20,658 shares of the bank’s stock valued at $285,000 after acquiring an additional 788 shares during the period. Nilsine Partners LLC lifted its holdings in shares of Banco Santander by 4.2% during the second quarter. Nilsine Partners LLC now owns 23,331 shares of the bank’s stock valued at $322,000 after acquiring an additional 936 shares during the period. Flputnam Investment Management Co. boosted its stake in shares of Banco Santander by 6.1% in the 4th quarter. Flputnam Investment Management Co. now owns 17,477 shares of the bank’s stock valued at $205,000 after purchasing an additional 1,011 shares in the last quarter. Angeles Wealth Management LLC grew its holdings in shares of Banco Santander by 4.7% in the 2nd quarter. Angeles Wealth Management LLC now owns 22,675 shares of the bank’s stock worth $313,000 after purchasing an additional 1,022 shares during the last quarter. Finally, Klingman & Associates LLC increased its position in shares of Banco Santander by 9.8% during the 1st quarter. Klingman & Associates LLC now owns 11,595 shares of the bank’s stock worth $131,000 after purchasing an additional 1,039 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Company Profile

Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial products and services to individuals, businesses, institutions and governments through its banking operations in Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, private banking, asset management, insurance and payment services. Santander offers products such as current and savings accounts, mortgages, personal loans, credit cards, business financing, investment products and digital banking services.

The group operates through established franchises in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.