Jefferies Financial Group Reaffirms Hold Rating for Banco Santander (NYSE:SAN)

Key Points

• Jefferies reaffirmed its “hold” rating on Banco Santander, while the broader analyst consensus remains “Moderate Buy” with an average price target of $15.10.
• Banco Santander shares rose 1.1% to $13.16, with a market capitalization of approximately $193.4 billion and a price-to-earnings ratio of 10.70.
• The bank slightly missed quarterly EPS expectations, reporting $0.27 versus the $0.29 consensus, though revenue of $17.93 billion exceeded estimates; institutional investors own 9.19% of the stock.

Banco Santander (NYSE:SAN - Get Free Report)'s stock had its "hold" rating restated by Jefferies Financial Group in a note issued to investors on Tuesday, Benzinga reports.

A number of other analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Banco Santander in a research report on Monday, July 27th. Royal Bank Of Canada reiterated a "buy" rating on shares of Banco Santander in a research note on Tuesday, July 28th. Weiss Ratings raised shares of Banco Santander from a "buy (b+)" rating to a "buy (a-)" rating in a report on Thursday, October 8th. Santander restated a "buy" rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Finally, Wall Street Zen downgraded shares of Banco Santander from a "buy" rating to a "hold" rating in a report on Saturday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $15.10.

Banco Santander Trading Up 1.1%

NYSE:SAN traded up $0.14 during trading hours on Tuesday, hitting $13.16. 4,523,298 shares of the company traded hands, compared to its average volume of 11,330,135. The stock has a market capitalization of $193.38 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 0.68 and a beta of 0.74. Banco Santander has a twelve month low of $9.62 and a twelve month high of $15.05. The firm has a 50-day moving average of $14.29 and a 200 day moving average of $13.39.

Banco Santander (NYSE:SAN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $17.90 billion. Equities research analysts predict that Banco Santander will post 1.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Banco Santander

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fiduciary Financial Group LLC grew its position in shares of Banco Santander by 4.0% in the second quarter. Fiduciary Financial Group LLC now owns 20,658 shares of the bank's stock valued at $285,000 after purchasing an additional 788 shares during the last quarter. Hidden Cove Wealth Management LLC increased its position in Banco Santander by 7.8% during the third quarter. Hidden Cove Wealth Management LLC now owns 11,964 shares of the bank's stock worth $165,000 after acquiring an additional 861 shares during the period. LifeGoal Investments LLC grew its position in shares of Banco Santander by 9.0% during the 3rd quarter. LifeGoal Investments LLC now owns 11,277 shares of the bank's stock worth $156,000 after purchasing an additional 928 shares in the last quarter. Nilsine Partners LLC increased its holdings in shares of Banco Santander by 4.2% during the second quarter. Nilsine Partners LLC now owns 23,331 shares of the bank's stock worth $322,000 after purchasing an additional 936 shares during the period. Finally, Athena Wealth Management LLC raised its holdings in Banco Santander by 3.7% in the 3rd quarter. Athena Wealth Management LLC now owns 28,028 shares of the bank's stock valued at $388,000 after acquiring an additional 987 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company's stock.

Banco Santander Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.