Banco Santander, S.A. (NYSE:SAN) Given Average Rating of “Hold” by Brokerages

Shares of Banco Santander, S.A. (NYSE:SAN) have been given an average rating of “Hold” by the six ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company.

A number of equities research analysts have issued reports on SAN shares. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. Zacks Research cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, DZ Bank lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 18th.

Banco Santander Stock Performance

Banco Santander stock opened at $11.70 on Tuesday. Banco Santander has a 1 year low of $4.43 and a 1 year high of $11.92. The firm has a 50 day moving average price of $10.76 and a 200 day moving average price of $9.78. The company has a market cap of $174.08 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 0.73 and a beta of 0.74.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, October 29th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $26.22 billion during the quarter, compared to analyst estimates of $15.32 billion. Banco Santander had a net margin of 17.90% and a return on equity of 11.68%. Sell-side analysts predict that Banco Santander will post 0.83 EPS for the current year.

Banco Santander Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, November 6th. Shareholders of record on Friday, October 31st were given a $0.0956 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a yield of 263.0%. Banco Santander’s dividend payout ratio (DPR) is 20.21%.

Institutional Investors Weigh In On Banco Santander

A number of large investors have recently modified their holdings of SAN. Root Financial Partners LLC acquired a new position in Banco Santander during the 3rd quarter worth 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 purchased a new position in shares of Banco Santander in the third quarter valued at $31,000. Richardson Financial Services Inc. acquired a new stake in Banco Santander during the 2nd quarter valued at $25,000. Finally, Binnacle Investments Inc increased its stake in Banco Santander by 96.2% during the 3rd quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock worth $34,000 after buying an additional 1,582 shares during the period. Institutional investors and hedge funds 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.