Banco Santander (NYSE:SAN) Cut to Hold at Wall Street Zen
by Renee Jackson · The Cerbat GemWall Street Zen lowered shares of Banco Santander (NYSE:SAN – Free Report) from a buy rating to a hold rating in a research note released on Saturday.
Several other analysts have also issued reports on the stock. Kepler Capital Markets upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, January 13th. UBS Group reiterated a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Weiss Ratings upgraded shares of Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, February 27th. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 23rd. Finally, Barclays downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Banco Santander currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Report on Banco Santander
Banco Santander Stock Performance
NYSE SAN opened at $12.69 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 3.15. The firm has a market capitalization of $188.82 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 0.78 and a beta of 0.76. The firm’s 50 day simple moving average is $11.75 and its 200 day simple moving average is $11.36. Banco Santander has a 1 year low of $6.61 and a 1 year high of $13.24.
Banco Santander (NYSE:SAN – Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. The business had revenue of $17.68 billion for the quarter, compared to analyst estimates of $15.89 billion. Banco Santander had a net margin of 18.85% and a return on equity of 12.14%. As a group, research analysts expect that Banco Santander will post 1.11 earnings per share for the current fiscal year.
Banco Santander Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Friday, May 8th. Investors of record on Monday, May 4th will be paid a $0.1473 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a yield of 254.0%. Banco Santander’s dividend payout ratio is presently 18.81%.
Hedge Funds Weigh In On Banco Santander
Several institutional investors and hedge funds have recently added to or reduced their stakes in SAN. Root Financial Partners LLC bought a new position in Banco Santander in the 3rd quarter valued at approximately $25,000. True Wealth Design LLC acquired a new position in shares of Banco Santander during the third quarter worth $27,000. Princeton Global Asset Management LLC acquired a new position in shares of Banco Santander during the third quarter worth $31,000. Eagle Bay Advisors LLC acquired a new position in shares of Banco Santander during the fourth quarter worth $31,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Banco Santander during the fourth quarter worth $34,000. Institutional investors own 9.19% of the company’s stock.
Banco Santander Company Profile
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.