Banco Santander, S.A. (NYSE:SAN) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Banco Santander has a “Moderate Buy” consensus rating from 10 analysts: six rate it a buy, three recommend holding, and one recommends selling.
• Institutional investors increased their positions, with notable buying from Barometer Capital Management, Quantinno Capital Management, Bank of New York Mellon, and others; institutions own 9.19% of the stock.
• Shares opened at $14.69, near the 12-month high of $15.00. In its latest quarter, Santander reported $0.27 in earnings per share—below the $0.29 estimate—while revenue of $17.93 billion slightly exceeded expectations.

Banco Santander, S.A. (NYSE:SAN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the ten research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company.

Several equities analysts have weighed in on the stock. Weiss Ratings downgraded shares of Banco Santander from a "buy (a-)" rating to a "buy (b+)" rating in a report on Wednesday, July 29th. Santander restated a "buy" rating on shares of Banco Santander in a research report on Tuesday, June 23rd. Finally, Wall Street Zen lowered Banco Santander from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th.

Hedge Funds Weigh In On Banco Santander

Large investors have recently bought and sold shares of the business. US Bancorp DE raised its position in Banco Santander by 14.3% in the 4th quarter. US Bancorp DE now owns 713,050 shares of the bank's stock valued at $8,364,000 after purchasing an additional 89,253 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Banco Santander by 32.1% during the first quarter. Bank of New York Mellon Corp now owns 1,535,847 shares of the bank's stock worth $17,324,000 after buying an additional 373,646 shares in the last quarter. Sei Investments Co. increased its stake in shares of Banco Santander by 18.3% during the first quarter. Sei Investments Co. now owns 956,275 shares of the bank's stock worth $10,787,000 after buying an additional 147,776 shares during the period. Quantinno Capital Management LP raised its holdings in Banco Santander by 37.9% in the first quarter. Quantinno Capital Management LP now owns 2,566,939 shares of the bank's stock valued at $28,955,000 after acquiring an additional 705,034 shares in the last quarter. Finally, Barometer Capital Management Inc. lifted its stake in Banco Santander by 203.3% in the first quarter. Barometer Capital Management Inc. now owns 216,600 shares of the bank's stock worth $2,414,000 after acquiring an additional 145,191 shares during the last quarter. Institutional investors own 9.19% of the company's stock.

Banco Santander Trading Up 0.1%

Shares of SAN stock opened at $14.69 on Monday. Banco Santander has a twelve month low of $9.31 and a twelve month high of $15.00. The company's 50-day moving average price is $14.07 and its 200-day moving average price is $12.74. The stock has a market cap of $215.79 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.78 and a beta of 0.73.

Banco Santander (NYSE:SAN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $17.93 billion during the quarter, compared to analysts' expectations of $17.90 billion. Banco Santander had a net margin of 26.94% and a return on equity of 12.43%. As a group, equities research analysts predict that Banco Santander will post 1.16 EPS 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.

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