Banco Santander (NYSE:SAN) Stock Rating Lowered by Erste Group Bank

Banco Santander (NYSE:SAN) was downgraded by analysts at Erste Group Bank from a “buy” rating to a “hold” rating in a report released on Friday, Briefing.com reports. Erste Group Bank also issued estimates for Banco Santander’s FY2026 earnings at $1.16 EPS and FY2027 earnings at $1.43 EPS.

A number of other equities research analysts have also recently weighed in on SAN. DZ Bank reiterated a “neutral” rating on shares of Banco Santander in a research report on Wednesday, July 22nd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Banco Santander in a research report on Tuesday, July 28th. Jefferies Financial Group downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a report on Tuesday, October 20th. Barclays reissued a “buy” rating on shares of Banco Santander in a research report on Tuesday, July 14th. Finally, Mediobanca restated an “outperform” rating on shares of Banco Santander in a research note on Tuesday, September 15th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.10.

Banco Santander Price Performance

Shares of NYSE SAN opened at $11.76 on Friday. The company has a 50 day simple moving average of $13.96 and a 200-day simple moving average of $12.96. The company has a market capitalization of $172.67 billion, a P/E ratio of 10.82, a P/E/G ratio of 0.57 and a beta of 0.74. Banco Santander has a 1 year low of $9.96 and a 1 year high of $15.05.

Institutional Investors Weigh In On Banco Santander

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of Banco Santander by 118.9% in 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 in the last quarter. Quantinno Capital Management LP lifted its position in shares of Banco Santander by 37.9% during the 1st 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 last quarter. Bank of New York Mellon Corp grew its stake in shares of Banco Santander by 32.1% during the first quarter. Bank of New York Mellon Corp now owns 1,535,847 shares of the bank’s stock worth $17,324,000 after purchasing an additional 373,646 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Banco Santander by 10.4% during the first quarter. QRG Capital Management Inc. now owns 1,473,746 shares of the bank’s stock worth $16,624,000 after purchasing an additional 138,582 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Banco Santander by 18.3% in the first quarter. Sei Investments Co. now owns 956,275 shares of the bank’s stock valued at $10,787,000 after buying an additional 147,776 shares during the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Company Profile

Banco Santander, SA is a Spain-based global banking group founded in 1857 and headquartered in Santander, Spain. The company provides financial services to individuals, businesses, institutions and governments through a network spanning Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, payments, asset management and private banking. Santander offers products and services such as current and savings accounts, mortgages, personal and business loans, credit cards, insurance, investment products, cash-management services and financing for corporate clients.

The group operates through established banking businesses in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.