Banco Santander, S.A. (NYSE:SAN) Stock Has Consensus Price Target of $15.10

Banco Santander, S.A. (NYSE:SAN) has earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $15.10.

A number of equities analysts have issued reports on SAN shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Banco Santander in a report on Monday, July 27th. Barclays restated a “buy” rating on shares of Banco Santander in a report on Tuesday, July 14th. UBS Group restated a “buy” rating on shares of Banco Santander in a research note on Monday, September 21st. Mediobanca reaffirmed an “outperform” rating on shares of Banco Santander in a research report on Tuesday, September 15th. Finally, Jefferies Financial Group downgraded Banco Santander from a “buy” rating to a “hold” rating in a research report on Tuesday, October 20th.

Banco Santander Stock Performance

SAN stock opened at $12.84 on Tuesday. The company has a market capitalization of $188.65 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 0.63 and a beta of 0.74. Banco Santander has a 52-week low of $9.66 and a 52-week high of $15.05. The business has a 50-day simple moving average of $14.15 and a two-hundred day simple moving average of $13.42.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Banco Santander had a return on equity of 12.43% and a net margin of 26.94%. The company had revenue of $17.93 billion for the quarter, compared to the consensus estimate of $17.90 billion. As a group, sell-side analysts forecast that Banco Santander will post 1.20 earnings per share for the current fiscal year.

Banco Santander Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, November 5th. Investors of record on Friday, October 30th will be issued a $0.1439 dividend. This represents a dividend yield of 217.0%. The ex-dividend date of this dividend is Friday, October 30th. Banco Santander’s payout ratio is 17.07%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SAN. Bank of New York Mellon Corp increased its holdings in Banco Santander by 32.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,535,847 shares of the bank’s stock worth $17,324,000 after acquiring an additional 373,646 shares during the last quarter. Sei Investments Co. increased its stake in shares of Banco Santander by 18.3% in the first quarter. Sei Investments Co. now owns 956,275 shares of the bank’s stock worth $10,787,000 after purchasing an additional 147,776 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of Banco Santander by 37.9% in the first quarter. Quantinno Capital Management LP now owns 2,566,939 shares of the bank’s stock worth $28,955,000 after purchasing an additional 705,034 shares in the last quarter. Barometer Capital Management Inc. lifted its stake in shares of Banco Santander by 203.3% during the 1st quarter. Barometer Capital Management Inc. now owns 216,600 shares of the bank’s stock valued at $2,414,000 after buying an additional 145,191 shares in the last quarter. Finally, Compass Rose Asset Management LP purchased a new stake in shares of Banco Santander during the 1st quarter valued at approximately $7,163,000. 9.19% of the stock is owned by institutional investors.

About Banco Santander

Banco Santander, SA is a Spain-based global banking group founded in 1857 and headquartered in Santander, Spain. The company provides financial services to individuals, businesses, institutions and governments through a network spanning Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, payments, asset management and private banking. Santander offers products and services such as current and savings accounts, mortgages, personal and business loans, credit cards, insurance, investment products, cash-management services and financing for corporate clients.

The group operates through established banking businesses in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.