Banco Santander (NYSE:SAN) Upgraded to Overweight at Morgan Stanley

Banco Santander (NYSE:SAN) was upgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a note issued to investors on Tuesday,Briefing.com Automated Import reports.

A number of other equities research analysts also recently weighed in on SAN. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. StockNews.com downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Banco Santander Stock Up 2.0 %

NYSE SAN opened at $4.64 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08. Banco Santander has a 1-year low of $3.83 and a 1-year high of $5.27. The company has a 50 day moving average of $4.92 and a 200-day moving average of $4.87. The company has a market cap of $73.43 billion, a price-to-earnings ratio of 5.80, a PEG ratio of 0.43 and a beta of 1.14.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SAN. Wilmington Savings Fund Society FSB acquired a new position in shares of Banco Santander during the third quarter worth $45,000. Sanctuary Advisors LLC increased its holdings in shares of Banco Santander by 71.2% during the third quarter. Sanctuary Advisors LLC now owns 93,679 shares of the bank’s stock worth $478,000 after buying an additional 38,946 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Banco Santander by 81.1% during the third quarter. Coldstream Capital Management Inc. now owns 20,481 shares of the bank’s stock worth $104,000 after buying an additional 9,170 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Banco Santander by 7.3% during the third quarter. M&T Bank Corp now owns 100,349 shares of the bank’s stock worth $511,000 after buying an additional 6,829 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Banco Santander during the third quarter worth $647,000. 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.