Banco Santander, S.A. (SAN) Downgraded by BidaskClub to “Hold”
Banco Santander, S.A. (NYSE:SAN) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday.
Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Banco Santander, from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Bank of America Corporation raised shares of Banco Santander, from an “underperform” rating to a “neutral” rating in a research report on Friday, June 9th. ValuEngine raised shares of Banco Santander, from a “buy” rating to a “strong-buy” rating in a report on Monday, July 17th. Keefe, Bruyette & Woods raised shares of Banco Santander, from an “underperform” rating to a “market perform” rating and set a $25.50 price target on the stock in a report on Thursday, April 27th. Finally, Citigroup Inc. downgraded shares of Banco Santander, from a “buy” rating to a “neutral” rating in a report on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Banco Santander, currently has an average rating of “Buy” and an average target price of $16.63.
Shares of Banco Santander, (NYSE SAN) traded down 1.07% during trading on Friday, reaching $6.45. 3,636,740 shares of the company were exchanged. Banco Santander, has a one year low of $4.08 and a one year high of $6.99. The stock has a market capitalization of $99.20 billion, a PE ratio of 12.08 and a beta of 1.41. The stock has a 50-day moving average price of $6.73 and a 200-day moving average price of $6.25.
Banco Santander, (NYSE:SAN) last posted its quarterly earnings results on Friday, July 28th. The bank reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.02. Banco Santander, had a net margin of 14.98% and a return on equity of 6.70%. The firm had revenue of $13.10 billion for the quarter. Analysts forecast that Banco Santander, will post $0.49 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of Banco Santander, by 10.6% in the second quarter. PNC Financial Services Group Inc. now owns 722,224 shares of the bank’s stock worth $4,832,000 after buying an additional 69,380 shares in the last quarter. Stevens Capital Management LP acquired a new stake in shares of Banco Santander, during the second quarter worth $1,727,000. Ameriprise Financial Inc. raised its stake in shares of Banco Santander, by 14.9% in the second quarter. Ameriprise Financial Inc. now owns 199,885 shares of the bank’s stock worth $1,337,000 after buying an additional 25,943 shares during the last quarter. WBI Investments Inc. acquired a new stake in shares of Banco Santander, during the second quarter worth $3,171,000. Finally, Financial Counselors Inc. raised its stake in shares of Banco Santander, by 29.0% in the second quarter. Financial Counselors Inc. now owns 59,032 shares of the bank’s stock worth $395,000 after buying an additional 13,261 shares during the last quarter. Institutional investors and hedge funds own 1.25% of the company’s stock.
Banco Santander, Company Profile
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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