Shares of Banco Santander SA (NYSE:SAN) gapped down prior to trading on Tuesday . The stock had previously closed at $4.19, but opened at $4.10. Banco Santander shares last traded at $4.00, with a volume of 10,094,200 shares trading hands.
A number of brokerages have commented on SAN. HSBC upgraded Banco Santander from a “reduce” rating to a “hold” rating in a research note on Wednesday, August 21st. ValuEngine downgraded Banco Santander from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. UBS Group downgraded Banco Santander from a “buy” rating to a “neutral” rating in a research note on Thursday, July 18th. Finally, Zacks Investment Research downgraded Banco Santander from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $5.75.
The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 11.13. The stock has a 50 day simple moving average of $3.95 and a 200 day simple moving average of $4.50. The company has a market capitalization of $65.27 billion, a price-to-earnings ratio of 7.27 and a beta of 1.19.
Banco Santander (NYSE:SAN) last issued its earnings results on Tuesday, July 23rd. The bank reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). Banco Santander had a net margin of 14.99% and a return on equity of 7.27%. The company had revenue of $13.88 billion during the quarter. As a group, analysts forecast that Banco Santander SA will post 0.52 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new stake in shares of Banco Santander during the second quarter valued at approximately $29,000. Cornerstone Advisors Inc. raised its holdings in shares of Banco Santander by 53.9% during the first quarter. Cornerstone Advisors Inc. now owns 7,473 shares of the bank’s stock valued at $35,000 after buying an additional 2,616 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of Banco Santander during the second quarter valued at approximately $43,000. Global Retirement Partners LLC raised its holdings in shares of Banco Santander by 79.4% during the first quarter. Global Retirement Partners LLC now owns 9,965 shares of the bank’s stock valued at $46,000 after buying an additional 4,411 shares during the last quarter. Finally, Pointe Capital Management LLC bought a new stake in shares of Banco Santander during the second quarter valued at approximately $46,000. 1.75% of the stock is currently owned by institutional investors.
Banco Santander Company Profile (NYSE:SAN)
Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; debt capital markets and global markets services; and debit and credit cards.
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