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

Shares of Banco Santander, S.A. (NYSE:SAN) have received an average rating of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of research firms recently commented on SAN. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Santander restated a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Weiss Ratings raised Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday. Finally, Wall Street Zen cut Banco Santander from a “buy” rating to a “hold” rating in a research report on Saturday.

Banco Santander Price Performance

Shares of NYSE SAN opened at $13.53 on Friday. The company has a market capitalization of $198.67 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 0.76 and a beta of 0.72. The business has a 50-day moving average of $12.94 and a two-hundred day moving average of $12.31. Banco Santander has a 1 year low of $8.29 and a 1 year high of $14.39.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $17.53 billion during the quarter, compared to analysts’ expectations of $17.66 billion. Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. As a group, equities research analysts expect that Banco Santander will post 1.14 earnings per share for the current year.

Institutional Investors Weigh In On Banco Santander

Large investors have recently modified their holdings of the company. Acumen Wealth Advisors LLC increased its position in Banco Santander by 117.9% during the 1st quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock worth $26,000 after purchasing an additional 1,249 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Banco Santander in the 1st quarter valued at approximately $28,000. Eagle Bay Advisors LLC purchased a new stake in shares of Banco Santander in the fourth quarter valued at approximately $31,000. Cullen Frost Bankers Inc. acquired a new position in Banco Santander during the fourth quarter worth $34,000. Finally, Financial Management Professionals Inc. raised its position in Banco Santander by 151.1% in the second quarter. Financial Management Professionals Inc. now owns 2,471 shares of the bank’s stock worth $34,000 after acquiring an additional 1,487 shares in the last quarter. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Company Profile

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.