Banco Santander (NYSE:SAN) Downgraded by StockNews.com

StockNews.com downgraded shares of Banco Santander (NYSE:SAN) from a strong-buy rating to a buy rating in a research note released on Monday morning.

Separately, Barclays raised Banco Santander from an equal weight rating to an overweight rating in a report on Monday, March 25th.

Banco Santander Price Performance

Banco Santander stock opened at $5.07 on Monday. Banco Santander has a 12 month low of $3.32 and a 12 month high of $5.27. The stock’s 50 day moving average is $4.97 and its 200-day moving average is $4.44. The company has a current ratio of 2.27, a quick ratio of 0.35 and a debt-to-equity ratio of 13.96. The company has a market capitalization of $80.16 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 0.45 and a beta of 1.17.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Tuesday, April 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $16.34 billion for the quarter. Banco Santander had a return on equity of 10.95% and a net margin of 14.98%. Equities research analysts expect that Banco Santander will post 0.81 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Banco Santander by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock valued at $23,352,000 after acquiring an additional 834,200 shares during the last quarter. Cetera Advisors LLC raised its position in Banco Santander by 16.1% during the 1st quarter. Cetera Advisors LLC now owns 20,308 shares of the bank’s stock worth $98,000 after purchasing an additional 2,822 shares during the last quarter. Advisors Asset Management Inc. raised its position in Banco Santander by 2.8% during the 1st quarter. Advisors Asset Management Inc. now owns 81,357 shares of the bank’s stock worth $394,000 after purchasing an additional 2,248 shares during the last quarter. OLD Mission Capital LLC raised its position in Banco Santander by 56.1% during the 1st quarter. OLD Mission Capital LLC now owns 1,417,650 shares of the bank’s stock worth $6,861,000 after purchasing an additional 509,541 shares during the last quarter. Finally, Pitcairn Co. bought a new position in Banco Santander during the 1st quarter worth $332,000. 9.19% of the stock is currently owned by 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.