Banco Santander, S.A. (NYSE:SAN) Given Average Recommendation of “Buy” by Analysts

Shares of Banco Santander, S.A. (NYSE:SAN) have been given a consensus rating of “Buy” by the four research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several research firms recently issued reports on SAN. The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods raised Banco Santander from a “hold” rating to a “moderate buy” rating in a research note on Monday. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th.

Banco Santander Trading Up 3.2 %

Shares of SAN stock opened at $6.34 on Wednesday. The company has a market capitalization of $95.99 billion, a P/E ratio of 7.63, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. The business’s 50 day moving average is $5.11 and its two-hundred day moving average is $4.95. Banco Santander has a twelve month low of $4.07 and a twelve month high of $6.39.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Atria Investments Inc grew its holdings in shares of Banco Santander by 7.1% in the 4th quarter. Atria Investments Inc now owns 28,990 shares of the bank’s stock worth $132,000 after acquiring an additional 1,917 shares during the period. WealthCollab LLC boosted its position in Banco Santander by 35.1% during the fourth quarter. WealthCollab LLC now owns 7,801 shares of the bank’s stock worth $36,000 after purchasing an additional 2,028 shares in the last quarter. Principal Securities Inc. increased its position in shares of Banco Santander by 13.4% in the fourth quarter. Principal Securities Inc. now owns 17,230 shares of the bank’s stock valued at $79,000 after buying an additional 2,032 shares in the last quarter. Riversedge Advisors LLC raised its stake in shares of Banco Santander by 14.3% during the 4th quarter. Riversedge Advisors LLC now owns 17,220 shares of the bank’s stock worth $79,000 after buying an additional 2,148 shares during the last quarter. Finally, Kathmere Capital Management LLC boosted its position in shares of Banco Santander by 4.9% in the 4th quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank’s stock worth $228,000 after buying an additional 2,320 shares in the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Company Profile

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.