Banco Santander SA (NYSE:SAN) was upgraded by analysts at RBC Capital Markets from an “underperform” rating to a “sector perform” rating in a report issued on Wednesday.

Several other research analysts have also commented on SAN. Natixis raised Banco Santander SA from a “reduce” rating to a “buy” rating in a research report on Tuesday, October 11th. Citigroup Inc. reissued a “buy” rating on shares of Banco Santander SA in a research report on Wednesday, September 28th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Banco Santander SA in a research report on Friday, September 23rd. Zacks Investment Research raised Banco Santander SA from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Friday, September 23rd. Finally, Deutsche Bank AG raised Banco Santander SA from a “hold” rating to a “buy” rating in a research report on Wednesday, August 31st. Five analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.50.

Analyst Recommendations for Banco Santander SA (NYSE:SAN)

Shares of Banco Santander SA (NYSE:SAN) traded up 1.79% during midday trading on Wednesday, reaching $4.56. The company had a trading volume of 1,025,530 shares. The firm has a market capitalization of $72.85 billion, a price-to-earnings ratio of 13.99 and a beta of 1.67. Banco Santander SA has a 12-month low of $3.60 and a 12-month high of $5.83. The company has a 50 day moving average of $4.45 and a 200 day moving average of $4.40.

The company also recently announced a dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 17th will be issued 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%.

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of Banco Santander SA by 250.5% in the first quarter. JPMorgan Chase & Co. now owns 1,151,966 shares of the company’s stock worth $5,023,000 after buying an additional 823,302 shares during the last quarter. Societe Generale purchased a new position in shares of Banco Santander SA during the second quarter worth approximately $3,307,000. Bank of Montreal Can purchased a new position in shares of Banco Santander SA during the second quarter worth approximately $6,908,000. Commonwealth Equity Services Inc boosted its position in shares of Banco Santander SA by 1.3% in the second quarter. Commonwealth Equity Services Inc now owns 243,096 shares of the company’s stock worth $953,000 after buying an additional 3,141 shares during the last quarter. Finally, TD Asset Management Inc. boosted its position in shares of Banco Santander SA by 151.3% in the second quarter. TD Asset Management Inc. now owns 65,048 shares of the company’s stock worth $474,000 after buying an additional 39,163 shares during the last quarter. 0.63% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:SAN

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