Banco Santander (NYSE:SAN) Lifted to Strong-Buy at UBS Group

UBS Group upgraded shares of Banco Santander (NYSE:SAN) from a hold rating to a strong-buy rating in a report published on Wednesday morning, Zacks.com reports.

Separately, StockNews.com downgraded shares of Banco Santander from a strong-buy rating to a buy rating in a research note on Saturday, June 22nd.

Banco Santander Price Performance

Shares of NYSE SAN opened at $4.74 on Wednesday. The firm’s 50-day moving average is $4.76 and its two-hundred day moving average is $4.76. The company has a market capitalization of $75.01 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 0.40 and a beta of 1.14. Banco Santander has a 12-month low of $3.52 and a 12-month high of $5.27.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $16.87 billion for the quarter. Banco Santander had a return on equity of 11.42% and a net margin of 15.35%. On average, analysts forecast that Banco Santander will post 0.83 EPS for the current fiscal year.

Institutional Trading of Banco Santander

Several large investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC acquired a new stake in shares of Banco Santander during the second quarter worth approximately $33,000. Principal Securities Inc. bought a new stake in shares of Banco Santander in the 4th quarter valued at approximately $35,000. Financial Management Professionals Inc. lifted its stake in Banco Santander by 1,853.0% during the first quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock worth $40,000 after purchasing an additional 7,931 shares during the last quarter. Coldstream Capital Management Inc. acquired a new position in Banco Santander in the fourth quarter worth $42,000. Finally, Sunpointe LLC bought a new stake in Banco Santander during the fourth quarter valued at $43,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

About Banco Santander

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.