Banco Santander (NYSE:SAN) Lowered to Strong Sell Rating by The Goldman Sachs Group

Key Points

• Banco Santander was downgraded from a "strong-buy" to a "strong sell" rating by analysts at The Goldman Sachs Group.
• Despite the downgrade, some analysts still maintain a "buy" rating, with an average consensus rating of "hold" for the stock.
• Banco Santander reported a quarterly EPS of $0.22, missing estimates, but had a revenue of $17.83 billion, exceeding expectations.

Banco Santander (NYSE:SAN - Get Free Report) was downgraded by stock analysts at The Goldman Sachs Group from a "strong-buy" rating to a "strong sell" rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other analysts have also commented on SAN. Weiss Ratings reissued a "buy (b+)" rating on shares of Banco Santander in a research report on Wednesday, October 8th. Kepler Capital Markets lowered shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Banco Santander has an average rating of "Hold".

Banco Santander Stock Performance

Shares of SAN opened at $9.77 on Thursday. The firm's 50 day moving average price is $9.87 and its two-hundred day moving average price is $8.51. The firm has a market cap of $145.43 billion, a P/E ratio of 10.86, a PEG ratio of 0.68 and a beta of 1.02. Banco Santander has a twelve month low of $4.43 and a twelve month high of $10.50.

Banco Santander (NYSE:SAN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.04). The business had revenue of $17.83 billion during the quarter, compared to the consensus estimate of $17.69 billion. Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. Banco Santander has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Banco Santander will post 0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco Santander

Several large investors have recently modified their holdings of SAN. GAMMA Investing LLC raised its position in shares of Banco Santander by 33.1% in the first quarter. GAMMA Investing LLC now owns 43,886 shares of the bank's stock valued at $294,000 after purchasing an additional 10,916 shares during the period. SG Americas Securities LLC acquired a new position in shares of Banco Santander in the first quarter valued at about $307,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Banco Santander by 3.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 89,489 shares of the bank's stock valued at $600,000 after acquiring an additional 3,317 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of Banco Santander in the first quarter valued at about $74,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Banco Santander by 55.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 29,707 shares of the bank's stock valued at $199,000 after acquiring an additional 10,559 shares in the last quarter. 9.19% of the stock is owned by institutional investors.

Banco Santander Company Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.

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