Banco Santander SA (NYSE:SAN) has been given an average recommendation of “Hold” by the sixteen research firms that are presently covering the firm. Five research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $4.50.

Several equities analysts recently issued reports on the company. Deutsche Bank AG reissued a “neutral” rating on shares of Banco Santander SA in a research report on Wednesday, June 22nd. Zacks Investment Research raised Banco Santander SA from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Friday, September 23rd. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Banco Santander SA in a research report on Wednesday, June 29th. Bank of America Corp. downgraded Banco Santander SA from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 20th. Finally, Citigroup Inc. reissued a “buy” rating on shares of Banco Santander SA in a research report on Wednesday, July 20th.

Several large investors have recently bought and sold shares of SAN. Ngam Advisors L.P. raised its stake in Banco Santander SA by 24.5% in the first quarter. Ngam Advisors L.P. now owns 192,115 shares of the company’s stock valued at $838,000 after buying an additional 37,761 shares during the last quarter. JPMorgan Chase & Co. increased its position in Banco Santander SA by 250.5% in the first quarter. JPMorgan Chase & Co. now owns 1,151,966 shares of the company’s stock valued at $5,023,000 after buying an additional 823,302 shares during the period. ING Groep NV bought a new position in Banco Santander SA during the first quarter valued at $541,000. Geode Capital Management LLC increased its position in Banco Santander SA by 24.4% in the first quarter. Geode Capital Management LLC now owns 164,353 shares of the company’s stock valued at $716,000 after buying an additional 32,217 shares during the period. Finally, FFT Wealth Management LLC increased its position 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 valued at $110,000 after buying an additional 10,000 shares during the period. 0.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of Banco Santander SA (NYSE:SAN) opened at 4.40 on Monday. Banco Santander SA has a 12-month low of $3.60 and a 12-month high of $5.83. The company has a market capitalization of $70.29 billion, a PE ratio of 13.50 and a beta of 1.67. The firm’s 50-day moving average price is $4.44 and its 200-day moving average price is $4.40.

The company also recently announced a dividend, which will be paid on Monday, November 14th. Stockholders of record on Monday, October 17th will be paid a dividend of $0.038 per share. The ex-dividend date is Thursday, October 13th. Banco Santander SA’s payout ratio is currently 38.64%.

Banco Santander SA Company Profile

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.

5 Day Chart for NYSE:SAN

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