Banco Santander (NYSE:SAN) Stock Rating Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Banco Santander (NYSE:SAN) from a buy rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.

Several other brokerages have also recently weighed in on SAN. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Banco Santander in a report on Monday, July 27th. Barclays reissued a “buy” rating on shares of Banco Santander in a research report on Tuesday, July 14th. Jefferies Financial Group restated a “buy” rating on shares of Banco Santander in a research note on Tuesday, July 21st. DZ Bank reaffirmed a “neutral” rating on shares of Banco Santander in a research report on Wednesday, July 22nd. Finally, Mediobanca reiterated an “outperform” rating on shares of Banco Santander in a research note on Tuesday, September 15th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Banco Santander has a consensus rating of “Moderate Buy” and a consensus target price of $15.10.

Banco Santander Stock Up 0.6%

Shares of SAN stock opened at $13.37 on Friday. Banco Santander has a 12 month low of $9.62 and a 12 month high of $15.05. The company’s fifty day simple moving average is $14.46 and its 200-day simple moving average is $13.17. The firm has a market cap of $196.32 billion, a PE ratio of 10.87, a P/E/G ratio of 0.66 and a beta of 0.74.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, July 22nd. The bank reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Banco Santander had a net margin of 26.94% and a return on equity of 12.43%. The business had revenue of $17.93 billion during the quarter, compared to the consensus estimate of $17.90 billion. On average, equities analysts predict that Banco Santander will post 1.25 earnings per share for the current fiscal year.

Banco Santander Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, November 5th. Investors of record on Friday, October 30th will be issued a dividend of $0.1439 per share. The ex-dividend date is Friday, October 30th. This represents a yield of 217.0%. Banco Santander’s dividend payout ratio (DPR) is presently 17.07%.

Institutional Trading of Banco Santander

Several institutional investors and hedge funds have recently bought and sold shares of SAN. Goldman Sachs Group Inc. boosted its stake in shares of Banco Santander by 2.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 18,037,272 shares of the bank’s stock worth $211,577,000 after acquiring an additional 398,787 shares during the period. Capital International Investors raised its stake in Banco Santander by 1.6% in the 4th quarter. Capital International Investors now owns 14,766,849 shares of the bank’s stock valued at $174,839,000 after acquiring an additional 237,825 shares during the period. Bank of America Corp DE lifted its holdings in Banco Santander by 118.9% during the 1st quarter. Bank of America Corp DE now owns 11,413,194 shares of the bank’s stock valued at $128,741,000 after purchasing an additional 6,198,828 shares during the last quarter. Quantinno Capital Management LP boosted its position in Banco Santander by 37.9% during the first quarter. Quantinno Capital Management LP now owns 2,566,939 shares of the bank’s stock worth $28,955,000 after purchasing an additional 705,034 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Banco Santander by 32.1% in the first quarter. Bank of New York Mellon Corp now owns 1,535,847 shares of the bank’s stock valued at $17,324,000 after purchasing an additional 373,646 shares during the last quarter. Institutional investors own 9.19% of the company’s stock.

Banco Santander Company Profile

Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial services to individuals, businesses and institutions through subsidiaries and branches across Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, wealth management, insurance and payment services. Santander offers products such as checking and savings accounts, mortgages, personal loans, credit cards, business financing, investment products and digital banking solutions.

The group serves customers in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.