Zacks Investment Research Lowers Banco Santander, S.A. (SAN) to Hold
Zacks Investment Research lowered 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. “
SAN has been the subject of several other research reports. Bank of America Corporation raised shares of Banco Santander, from an underperform rating to a neutral rating in a research report on Friday, June 9th. ValuEngine raised shares of Banco Santander, from a buy rating to a strong-buy rating in a research note on Monday, July 17th. BidaskClub cut shares of Banco Santander, from a strong-buy rating to a buy rating in a report on Wednesday, July 19th. Finally, Goldman Sachs Group, Inc. (The) restated a neutral rating on shares of Banco Santander, in a report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. Banco Santander, currently has an average rating of Hold and a consensus price target of $16.63.
Banco Santander, (NYSE SAN) opened at 6.94 on Friday. Banco Santander, has a 12-month low of $4.23 and a 12-month high of $6.99. The firm’s 50-day moving average price is $6.59 and its 200 day moving average price is $6.46. The company has a market capitalization of $106.74 billion, a price-to-earnings ratio of 12.76 and a beta of 1.37.
Banco Santander, (NYSE:SAN) last issued its earnings results on Friday, July 28th. The bank reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). The business had revenue of $13.10 billion during the quarter. Banco Santander, had a return on equity of 6.70% and a net margin of 14.98%. On average, analysts expect that Banco Santander, will post $0.49 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers purchased a new position in Banco Santander, during the second quarter worth about $206,000. Public Employees Retirement System of Ohio bought a new position in shares of Banco Santander, during the 2nd quarter worth approximately $4,468,000. 1st Global Advisors Inc. lifted its position in shares of Banco Santander, by 34.1% during the 2nd quarter. 1st Global Advisors Inc. now owns 49,012 shares of the bank’s stock worth $328,000 after buying an additional 12,463 shares in the last quarter. EagleClaw Capital Managment LLC boosted its stake in shares of Banco Santander, by 0.4% in the 2nd quarter. EagleClaw Capital Managment LLC now owns 82,920 shares of the bank’s stock worth $554,000 after buying an additional 352 shares during the last quarter. Finally, Scotia Capital Inc. boosted its stake in shares of Banco Santander, by 39.6% in the 2nd quarter. Scotia Capital Inc. now owns 30,078 shares of the bank’s stock worth $201,000 after buying an additional 8,528 shares during the last quarter. Hedge funds and other institutional investors own 1.30% of the company’s stock.
Banco Santander, Company Profile
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.
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