Banco Santander, S.A. (NYSE:SAN) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Banco Santander has a “Moderate Buy” consensus rating from 10 analysts: six recommend buying, three advise holding, and one recommends selling.
• Institutional investors own 9.19% of the company, with several major investors increasing their stakes during the first quarter, including Quantinno Capital Management and Bank of New York Mellon.
• SAN shares opened at $14.28, near their 52-week high of $15.05. In its latest quarter, Santander reported revenue of $17.93 billion but earnings per share of $0.27, slightly below the $0.29 analyst consensus.

Shares of Banco Santander, S.A. (NYSE:SAN - Get Free Report) have received a consensus rating of "Moderate Buy" from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company.

SAN has been the topic of a number of research analyst reports. Santander restated a "buy" rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Wall Street Zen upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a research note on Saturday, September 19th. Finally, Weiss Ratings cut shares of Banco Santander from a "buy (a-)" rating to a "buy (b+)" rating in a report on Wednesday, July 29th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in shares of Banco Santander by 32.1% during 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 purchasing an additional 373,646 shares in the last quarter. Sei Investments Co. lifted its position in 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 purchasing an additional 147,776 shares during the period. Quantinno Capital Management LP grew its stake in Banco Santander by 37.9% during the first quarter. Quantinno Capital Management LP now owns 2,566,939 shares of the bank's stock worth $28,955,000 after buying an additional 705,034 shares in the last quarter. Barometer Capital Management Inc. grew its stake in Banco Santander by 203.3% during the first quarter. Barometer Capital Management Inc. now owns 216,600 shares of the bank's stock worth $2,414,000 after buying an additional 145,191 shares in the last quarter. Finally, Compass Rose Asset Management LP bought a new position in Banco Santander in the 1st quarter valued at about $7,163,000. Institutional investors own 9.19% of the company's stock.

Banco Santander Price Performance

Banco Santander stock opened at $14.28 on Friday. The company's 50-day moving average is $14.41 and its 200-day moving average is $13.07. The firm has a market capitalization of $209.69 billion, a PE ratio of 11.61, a P/E/G ratio of 0.72 and a beta of 0.74. Banco Santander has a fifty-two week low of $9.62 and a fifty-two week high of $15.05.

Banco Santander (NYSE:SAN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The business had revenue of $17.93 billion for the quarter, compared to the consensus estimate of $17.90 billion. Banco Santander had a return on equity of 12.43% and a net margin of 26.94%. As a group, analysts expect that Banco Santander will post 1.25 EPS for the current year.

Banco Santander Company Profile

Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial products and services to individuals, businesses, institutions and governments through its banking operations in Europe, North America and South America.

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

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

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