StockNews.com Lowers Banco Santander (NYSE:SAN) to Buy

StockNews.com cut shares of Banco Santander (NYSE:SAN) from a strong-buy rating to a buy rating in a research report report published on Wednesday.

Separately, Barclays upgraded Banco Santander from an equal weight rating to an overweight rating in a research note on Monday, March 25th.

Banco Santander Stock Performance

SAN opened at $4.65 on Wednesday. The company has a market cap of $73.51 billion, a P/E ratio of 6.45, a price-to-earnings-growth ratio of 0.42 and a beta of 1.17. The company has a quick ratio of 0.35, a current ratio of 2.27 and a debt-to-equity ratio of 13.96. The firm’s 50-day moving average price is $4.98 and its 200-day moving average price is $4.48. Banco Santander has a 52-week low of $3.32 and a 52-week high of $5.27.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Tuesday, April 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $16.34 billion during the quarter. Banco Santander had a return on equity of 10.95% and a net margin of 14.98%. As a group, equities analysts anticipate that Banco Santander will post 0.82 EPS for the current fiscal year.

Institutional Trading of Banco Santander

Several large investors have recently made changes to their positions in SAN. Principal Securities Inc. purchased a new stake in Banco Santander in the fourth quarter valued at $35,000. Glassman Wealth Services boosted its stake in shares of Banco Santander by 56.3% in the fourth quarter. Glassman Wealth Services now owns 9,565 shares of the bank’s stock worth $40,000 after buying an additional 3,444 shares during the last quarter. Financial Management Professionals Inc. grew its holdings in Banco Santander by 1,853.0% during the first quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock worth $40,000 after acquiring an additional 7,931 shares during the period. Riversedge Advisors LLC purchased a new position in Banco Santander during the fourth quarter valued at approximately $42,000. Finally, Coldstream Capital Management Inc. purchased a new stake in Banco Santander in the 4th quarter worth approximately $42,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

About Banco Santander

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.