Banco Santander (NYSE:SAN) Downgraded by The Goldman Sachs Group to “Hold”

Banco Santander (NYSE:SAN) was downgraded by analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other equities analysts have also weighed in on the company. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Banco Santander presently has an average rating of “Buy”.

Banco Santander Trading Down 0.4 %

Shares of Banco Santander stock opened at $5.92 on Wednesday. The stock has a fifty day moving average price of $4.89 and a 200-day moving average price of $4.85. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23. The firm has a market cap of $93.75 billion, a PE ratio of 7.14, a P/E/G ratio of 0.73 and a beta of 1.12. Banco Santander has a 1 year low of $3.88 and a 1 year high of $5.97.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. Equities research analysts anticipate that Banco Santander will post 0.83 EPS for the current year.

Institutional Trading of Banco Santander

A number of institutional investors have recently modified their holdings of SAN. Sanctuary Advisors LLC bought a new stake in Banco Santander during the 2nd quarter valued at $280,000. Creative Planning raised its stake in shares of Banco Santander by 13.5% during the 3rd quarter. Creative Planning now owns 1,341,733 shares of the bank’s stock valued at $6,843,000 after purchasing an additional 159,610 shares during the period. Bleakley Financial Group LLC lifted its holdings in Banco Santander by 26.8% during the 3rd quarter. Bleakley Financial Group LLC now owns 38,272 shares of the bank’s stock worth $195,000 after purchasing an additional 8,082 shares in the last quarter. Aaron Wealth Advisors LLC boosted its stake in Banco Santander by 19.9% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 93,980 shares of the bank’s stock worth $479,000 after purchasing an additional 15,575 shares during the period. Finally, Trust Point Inc. grew its holdings in Banco Santander by 35.5% during the 3rd quarter. Trust Point Inc. now owns 25,045 shares of the bank’s stock valued at $128,000 after buying an additional 6,564 shares in the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

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.