Zacks Investment Research cut shares of Banco Santander SA (NYSE:SAN) from a hold rating to a sell rating in a research report sent to investors on Wednesday 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. “

Several other analysts have also recently issued reports on the stock. RBC Capital Markets raised shares of Banco Santander SA from an underperform rating to a sector perform rating in a report on Wednesday, October 19th. Natixis raised shares of Banco Santander SA from a reduce rating to a buy rating in a report on Tuesday, October 11th. Citigroup Inc. reaffirmed a buy rating on shares of Banco Santander SA in a report on Wednesday, September 28th. Goldman Sachs Group Inc. reaffirmed a buy rating on shares of Banco Santander SA in a report on Friday, September 23rd. Finally, Barclays PLC raised shares of Banco Santander SA from an equal weight rating to an overweight rating in a report on Tuesday, September 6th. Five analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $4.56.

Shares of Banco Santander SA (NYSE:SAN) opened at 4.53 on Wednesday. The stock has a 50 day moving average of $4.62 and a 200 day moving average of $4.41. Banco Santander SA has a one year low of $3.60 and a one year high of $5.49. The stock has a market cap of $66.43 billion, a P/E ratio of 14.47 and a beta of 1.72.

Banco Santander SA (NYSE:SAN) last announced its earnings results on Wednesday, October 26th. The company reported $0.12 earnings per share for the quarter. Banco Santander SA had a net margin of 13.89% and a return on equity of 6.06%. Equities analysts expect that Banco Santander SA will post $0.37 EPS for the current fiscal year.

The business also recently announced a dividend, which was paid on Monday, November 14th. Investors of record on Monday, October 17th were given a $0.038 dividend. The ex-dividend date of this dividend was Thursday, October 13th. Banco Santander SA’s dividend payout ratio is presently 38.64%.

Institutional investors have recently made changes to their positions in the stock. Johnson Investment Counsel Inc. raised its position in shares of Banco Santander SA by 0.8% in the third quarter. Johnson Investment Counsel Inc. now owns 23,158 shares of the company’s stock worth $102,000 after buying an additional 186 shares in the last quarter. Checchi Capital Advisers LLC raised its position in shares of Banco Santander SA by 1.2% in the third quarter. Checchi Capital Advisers LLC now owns 54,742 shares of the company’s stock worth $241,000 after buying an additional 647 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Banco Santander SA by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 238,632 shares of the company’s stock worth $1,052,000 after buying an additional 1,352 shares in the last quarter. Bbva Compass Bancshares Inc. raised its position in shares of Banco Santander SA by 0.9% in the third quarter. Bbva Compass Bancshares Inc. now owns 194,928 shares of the company’s stock worth $859,000 after buying an additional 1,779 shares in the last quarter. Finally, Ballentine Partners LLC raised its position in shares of Banco Santander SA by 1.7% in the third quarter. Ballentine Partners LLC now owns 114,552 shares of the company’s stock worth $505,000 after buying an additional 1,870 shares in the last quarter. Hedge funds and other institutional investors own 0.61% of the company’s stock.

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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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