Banco Santander (NYSE:SAN) Stock Rating Lowered by Barclays

Banco Santander (NYSE:SAN) was downgraded by equities researchers at Barclays from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the company. DZ Bank lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th. The Goldman Sachs Group lowered shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Banco Santander currently has a consensus rating of “Hold”.

Banco Santander Trading Down 1.1%

Shares of NYSE:SAN opened at $11.80 on Tuesday. The firm’s 50 day moving average is $11.04 and its two-hundred day moving average is $9.96. The firm has a market capitalization of $175.69 billion, a P/E ratio of 12.56, a PEG ratio of 0.67 and a beta of 0.73. Banco Santander has a 52 week low of $4.58 and a 52 week high of $12.13.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, October 29th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $26.22 billion during the quarter, compared to the consensus estimate of $15.32 billion. Banco Santander had a return on equity of 11.68% and a net margin of 17.90%. Analysts predict that Banco Santander will post 0.83 EPS for the current year.

Institutional Trading of Banco Santander

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new position in Banco Santander in the third quarter worth approximately $25,000. True Wealth Design LLC bought a new stake in shares of Banco Santander during the 3rd quarter worth $27,000. Princeton Global Asset Management LLC bought a new stake in shares of Banco Santander during the 3rd quarter worth $31,000. Richardson Financial Services Inc. acquired a new position in shares of Banco Santander in the 2nd quarter worth $25,000. Finally, Binnacle Investments Inc raised its position in shares of Banco Santander by 96.2% during the third quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock worth $34,000 after purchasing an additional 1,582 shares during the period. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Company Profile

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.