StockNews.com cut shares of Banco Santander (NYSE:SAN – Get Rating) from a buy rating to a hold rating in a research report report published on Wednesday.
Separately, JPMorgan Chase & Co. increased their target price on Banco Santander from €3.50 ($3.76) to €3.60 ($3.87) in a report on Wednesday, December 7th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Banco Santander presently has a consensus rating of Moderate Buy and a consensus target price of $3.94.
Banco Santander Trading Down 6.5 %
Shares of SAN opened at $3.29 on Wednesday. Banco Santander has a 1 year low of $2.26 and a 1 year high of $4.09. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 4.40. The stock has a 50 day simple moving average of $3.60 and a 200-day simple moving average of $3.00. The stock has a market cap of $55.25 billion, a PE ratio of 5.67 and a beta of 1.10.
Banco Santander Increases Dividend
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Trust N.A. bought a new position in Banco Santander during the fourth quarter worth about $30,000. Axxcess Wealth Management LLC bought a new position in Banco Santander during the second quarter worth about $29,000. Cetera Investment Advisers bought a new position in Banco Santander during the first quarter worth about $35,000. Eqis Capital Management Inc. acquired a new stake in shares of Banco Santander in the 2nd quarter valued at about $30,000. Finally, Brookstone Capital Management acquired a new stake in shares of Banco Santander in the 3rd quarter valued at about $27,000. 1.90% of the stock is currently owned by institutional investors.
Banco Santander Company Profile
Banco Santander SA is a banking services company, which engages in the provision of banking services to individuals, companies, and institutions. It operates through the following segments: Europe, North America, South America, and Digital Consumer Bank. The Europe segment comprises business activities carried out in the region.
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