Banco Santander (NYSE:SAN) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Banco Santander (NYSE:SAN) from a hold rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, July 29th. Santander reissued a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Banco Santander Trading Down 3.3%

NYSE:SAN opened at $14.34 on Friday. The stock’s 50-day moving average is $14.35 and its 200-day moving average is $12.97. Banco Santander has a 1-year low of $9.62 and a 1-year high of $15.05. The stock has a market cap of $210.57 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 0.71 and a beta of 0.74.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Banco Santander had a net margin of 26.94% and a return on equity of 12.43%. The business had revenue of $17.93 billion during the quarter, compared to the consensus estimate of $17.90 billion. As a group, equities analysts forecast that Banco Santander will post 1.25 EPS for the current year.

Institutional Trading of Banco Santander

Large investors have recently bought and sold shares of the business. Acumen Wealth Advisors LLC lifted its stake in shares of 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 purchasing an additional 1,249 shares during the period. Whipplewood Advisors LLC acquired a new stake in Banco Santander during the first quarter worth approximately $28,000. Cullen Frost Bankers Inc. acquired a new stake in Banco Santander during the fourth quarter worth approximately $34,000. Financial Management Professionals Inc. increased its holdings in Banco Santander by 151.1% in the second 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 in the last quarter. Finally, Compass Financial Management LLC acquired a new position in Banco Santander in the second quarter valued at approximately $34,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Company Profile

Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial products and services to individuals, businesses, institutions and governments through its banking operations in Europe, North America and South America.

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

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