Banco Santander, S.A. (NYSE:SAN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Banco Santander, S.A. (NYSE:SAN) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company.

SAN has been the subject of a number of analyst reports. Santander restated a “buy” rating on shares of Banco Santander in a research report on Tuesday, June 23rd. Wall Street Zen cut Banco Santander from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday, July 29th.

Institutional Investors Weigh In On Banco Santander

Large investors have recently made changes to their positions in the company. Fiduciary Financial Group LLC boosted its position in shares of Banco Santander by 4.0% during the second quarter. Fiduciary Financial Group LLC now owns 20,658 shares of the bank’s stock worth $285,000 after buying an additional 788 shares during the period. Orca Wealth Management LLC increased its position in Banco Santander by 1.4% in the 4th quarter. Orca Wealth Management LLC now owns 65,572 shares of the bank’s stock valued at $852,000 after acquiring an additional 894 shares during the period. Composition Wealth LLC raised its stake in Banco Santander by 8.3% during the 4th quarter. Composition Wealth LLC now owns 12,442 shares of the bank’s stock valued at $146,000 after acquiring an additional 952 shares in the last quarter. Flputnam Investment Management Co. boosted its position in Banco Santander by 6.1% during the 4th quarter. Flputnam Investment Management Co. now owns 17,477 shares of the bank’s stock worth $205,000 after acquiring an additional 1,011 shares during the period. Finally, Klingman & Associates LLC grew its stake in shares of Banco Santander by 9.8% in the first quarter. Klingman & Associates LLC now owns 11,595 shares of the bank’s stock worth $131,000 after purchasing an additional 1,039 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Stock Up 0.3%

SAN opened at $14.70 on Thursday. The company’s 50-day moving average price is $13.50 and its 200 day moving average price is $12.52. Banco Santander has a fifty-two week low of $9.15 and a fifty-two week high of $14.93. The firm has a market cap of $215.87 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 0.79 and a beta of 0.73.

Banco Santander (NYSE:SAN) last posted its earnings results on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $17.93 billion for the quarter, compared to the consensus estimate of $17.90 billion. Banco Santander had a net margin of 26.94% and a return on equity of 12.43%. Research analysts anticipate that Banco Santander will post 1.16 earnings per share for the current year.

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.