HSBC upgraded shares of Banco Santander (NYSE:SAN) from a reduce rating to a hold rating in a research note issued to investors on Wednesday morning, The Fly reports.

SAN has been the topic of several other reports. UBS Group cut Banco Santander from a buy rating to a neutral rating in a research note on Thursday, July 18th. ValuEngine cut Banco Santander from a sell rating to a strong sell rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research raised Banco Santander from a sell rating to a hold rating in a research note on Saturday, July 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $5.75.

Shares of SAN stock opened at $3.77 on Wednesday. Banco Santander has a 12-month low of $3.77 and a 12-month high of $5.43. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 11.13. The stock’s 50-day moving average price is $4.28 and its 200-day moving average price is $4.59. The stock has a market capitalization of $60.47 billion, a price-to-earnings ratio of 6.85 and a beta of 1.14.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). Banco Santander had a return on equity of 7.27% and a net margin of 14.99%. The company had revenue of $13.88 billion for the quarter. As a group, research analysts predict that Banco Santander will post 0.54 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of SAN. Comerica Securities Inc. boosted its holdings in shares of Banco Santander by 67.3% in the 4th quarter. Comerica Securities Inc. now owns 17,559 shares of the bank’s stock valued at $79,000 after buying an additional 7,065 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Banco Santander by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,208,680 shares of the bank’s stock valued at $14,375,000 after purchasing an additional 23,915 shares during the last quarter. Deutsche Bank AG lifted its holdings in Banco Santander by 340.9% during the 4th quarter. Deutsche Bank AG now owns 453,927 shares of the bank’s stock valued at $2,033,000 after purchasing an additional 350,964 shares during the last quarter. Pennsylvania Trust Co acquired a new stake in Banco Santander during the 1st quarter valued at $14,361,000. Finally, Eqis Capital Management Inc. lifted its holdings in Banco Santander by 77.4% during the 1st quarter. Eqis Capital Management Inc. now owns 29,113 shares of the bank’s stock valued at $135,000 after purchasing an additional 12,698 shares during the last quarter. 1.61% of the stock is currently owned by institutional investors.

About Banco Santander

Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; debt capital markets and global markets services; and debit and credit cards.

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The Fly

Analyst Recommendations for Banco Santander (NYSE:SAN)

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