Banco Santander (NYSE:SAN) 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 report published on Saturday morning.

Other equities research analysts have also issued reports about the stock. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd. Weiss Ratings raised Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, July 14th. Finally, Santander restated a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Banco Santander Trading Down 1.7%

Shares of NYSE:SAN opened at $13.31 on Friday. Banco Santander has a twelve month low of $8.29 and a twelve month high of $14.39. The company has a market cap of $195.59 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.76 and a beta of 0.72. The company’s 50 day moving average is $12.97 and its 200 day moving average is $12.32.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, April 29th. 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 return on equity of 12.23% and a net margin of 26.92%.The business had revenue of $17.53 billion during the quarter, compared to analyst estimates of $17.66 billion. Equities research analysts predict that Banco Santander will post 1.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco Santander

A number of large investors have recently bought and sold shares of the business. Acumen Wealth Advisors LLC grew its stake in Banco Santander by 117.9% in the 1st quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,249 shares during the period. Whipplewood Advisors LLC purchased a new position in Banco Santander during the first quarter valued at $28,000. Eagle Bay Advisors LLC acquired a new stake in shares of Banco Santander in the fourth quarter valued at about $31,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Banco Santander during the fourth quarter worth about $34,000. Finally, Financial Management Professionals Inc. raised its position in shares of Banco Santander by 151.1% during the 2nd quarter. Financial Management Professionals Inc. now owns 2,471 shares of the bank’s stock worth $34,000 after purchasing an additional 1,487 shares during the last quarter. Institutional investors and hedge funds 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.