Banco Santander (NYSE:SAN) Downgraded by UBS Group to “Hold”

UBS Group lowered shares of Banco Santander (NYSE:SAN) from a strong-buy rating to a hold rating in a report released on Friday morning,Zacks.com reports.

Several other research analysts also recently weighed in on the company. Zacks Research downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. Barclays lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Kepler Capital Markets upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Banco Santander Trading Up 0.8%

Shares of SAN stock opened at $12.21 on Friday. Banco Santander has a twelve month low of $4.85 and a twelve month high of $12.31. The stock has a 50 day moving average of $11.31 and a 200 day moving average of $10.14. The stock has a market cap of $181.75 billion, a P/E ratio of 12.99, a P/E/G ratio of 0.73 and a beta of 0.73.

Banco Santander (NYSE:SAN) last posted its earnings results on Wednesday, October 29th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $26.22 billion for the quarter, compared to analysts’ expectations of $15.32 billion. Banco Santander had a net margin of 17.90% and a return on equity of 11.68%. On average, research analysts predict that Banco Santander will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SAN. Richardson Financial Services Inc. acquired a new stake in Banco Santander during the second quarter worth about $25,000. Root Financial Partners LLC acquired a new stake in Banco Santander during the third quarter worth $25,000. True Wealth Design LLC purchased a new stake in Banco Santander in the third quarter valued at $27,000. Westside Investment Management Inc. acquired a new position in shares of Banco Santander in the 2nd quarter valued at $30,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Banco Santander during the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

About Banco Santander

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.