Banco Santander SA (SAN) Rating Increased to Buy at Natixis
Banco Santander SA (NYSE:SAN) was upgraded by equities researchers at Natixis from a “reduce” rating to a “buy” rating in a research report issued on Tuesday.
Several other research analysts have also issued reports on SAN. Zacks Investment Research lowered Banco Santander SA from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Citigroup Inc. reiterated a “buy” rating on shares of Banco Santander SA in a report on Wednesday, July 20th. Deutsche Bank AG reiterated a “neutral” rating on shares of Banco Santander SA in a report on Wednesday, June 22nd. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Banco Santander SA in a report on Friday, September 23rd. Finally, Bank of America Corp. lowered Banco Santander SA from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 20th. Five research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.50.
The firm also recently declared a dividend, which will be paid on Monday, November 14th. Investors of record on Monday, October 17th will be given a dividend of $0.038 per share. The ex-dividend date of this dividend is Thursday, October 13th. Banco Santander SA’s payout ratio is 38.64%.
Several hedge funds have recently modified their holdings of SAN. Signaturefd LLC increased its stake in shares of Banco Santander SA by 57.9% in the second quarter. Signaturefd LLC now owns 25,471 shares of the company’s stock worth $100,000 after buying an additional 9,338 shares during the last quarter. Green Square Capital LLC purchased a new stake in Banco Santander SA during the second quarter worth about $102,000. FFT Wealth Management LLC increased its stake in Banco Santander SA by 66.0% in the first quarter. FFT Wealth Management LLC now owns 25,145 shares of the company’s stock worth $110,000 after buying an additional 10,000 shares in the last quarter. Sei Investments Co. increased its stake in Banco Santander SA by 154.0% in the second quarter. Sei Investments Co. now owns 30,985 shares of the company’s stock worth $122,000 after buying an additional 18,788 shares in the last quarter. Finally, Carnick & Kubik Group LLC purchased a new stake in Banco Santander SA during the second quarter worth about $140,000. 0.64% of the stock is owned by institutional investors.
About Banco Santander SA
Banco Santander, SA is a retail and commercial bank. The Bank’s principal business is to attract deposits and provide loans. The Bank focuses its wholesale banking offer on providing services to its main customers in local markets. The Banks segments include Continental Europe, United Kingdom, Latin America and United States.
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