Zacks Investment Research cut shares of Banco Santander, S.A. (NYSE:SAN) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

According to Zacks, “Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. The Bank provides banking services for individuals and companies, leasing, factoring, stockbrokerage and mutual fund services. “

Other equities research analysts also recently issued reports about the stock. ValuEngine downgraded shares of Banco Santander, from a strong-buy rating to a buy rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Banco Santander, from a strong-buy rating to a buy rating in a research note on Wednesday, July 19th. Bank of America Corporation upgraded shares of Banco Santander, from an underperform rating to a neutral rating in a research note on Friday, June 9th. Finally, Goldman Sachs Group, Inc. (The) reiterated a neutral rating on shares of Banco Santander, in a research note on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $16.63.

Shares of Banco Santander, (NYSE:SAN) traded up 0.43% during midday trading on Friday, reaching $6.94. 4,829,355 shares of the company’s stock were exchanged. The firm has a market cap of $106.74 billion, a PE ratio of 12.76 and a beta of 1.38. Banco Santander, has a one year low of $4.19 and a one year high of $6.99. The stock’s 50-day moving average is $6.59 and its 200 day moving average is $6.46.

Banco Santander, (NYSE:SAN) last announced its earnings results on Friday, July 28th. The bank reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The firm had revenue of $13.10 billion during the quarter. Banco Santander, had a net margin of 14.98% and a return on equity of 6.70%. Analysts anticipate that Banco Santander, will post $0.49 EPS for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in SAN. Fisher Asset Management LLC increased its holdings in shares of Banco Santander, by 20,016.6% in the 2nd quarter. Fisher Asset Management LLC now owns 78,057,067 shares of the bank’s stock valued at $522,202,000 after purchasing an additional 77,669,044 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Banco Santander, by 690.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,573,247 shares of the bank’s stock valued at $43,975,000 after purchasing an additional 5,741,913 shares in the last quarter. Senvest Management LLC purchased a new position in Banco Santander, during the 2nd quarter valued at about $8,363,000. Todd Asset Management LLC increased its holdings in Banco Santander, by 44.9% during the 2nd quarter. Todd Asset Management LLC now owns 3,574,941 shares of the bank’s stock valued at $23,916,000 after acquiring an additional 1,107,295 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in Banco Santander, during the 1st quarter valued at about $6,464,000. Institutional investors and hedge funds own 1.30% of the company’s stock.

About Banco Santander,

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.

Analyst Recommendations for Banco Santander, (NYSE:SAN)

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