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

Key Points

• Analysts maintain a positive outlook: Banco Santander has a consensus “Moderate Buy” rating, with 11 buy, two hold, and one strong-buy recommendation. The average 12-month price target is $15.10, above the reported opening price of $13.01.
• Recent earnings slightly missed expectations: Santander reported quarterly EPS of $0.27 versus the $0.29 consensus estimate, while revenue of $17.93 billion narrowly exceeded expectations. Analysts forecast full-year EPS of $1.21.
• The bank declared a dividend: Shareholders of record on October 30 are scheduled to receive $0.1439 per share on November 5, with a reported payout ratio of 17.07%.

Banco Santander, S.A. (NYSE:SAN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fourteen research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $15.10.

Several brokerages have issued reports on SAN. Jefferies Financial Group reaffirmed a "buy" rating on shares of Banco Santander in a research report on Tuesday, July 21st. Wall Street Zen lowered Banco Santander from a "buy" rating to a "hold" rating in a research report on Saturday, October 3rd. Mediobanca reissued an "outperform" rating on shares of Banco Santander in a research report on Tuesday, September 15th. Royal Bank Of Canada reaffirmed a "buy" rating on shares of Banco Santander in a research report on Tuesday, July 28th. Finally, UBS Group reiterated a "buy" rating on shares of Banco Santander in a research note on Monday, September 21st.

Banco Santander Stock Performance

Shares of SAN opened at $13.01 on Tuesday. The company has a 50 day moving average price of $14.29 and a 200-day moving average price of $13.39. Banco Santander has a fifty-two week low of $9.62 and a fifty-two week high of $15.05. The stock has a market capitalization of $191.03 billion, a PE ratio of 10.57, a PEG ratio of 0.68 and a beta of 0.74.

Banco Santander (NYSE:SAN - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $17.93 billion for 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%. Equities research analysts forecast that Banco Santander will post 1.21 EPS for the current year.

Banco Santander Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, November 5th. Shareholders of record on Friday, October 30th will be given a dividend of $0.1439 per share. This represents a dividend yield of 217.0%. The ex-dividend date of this dividend is Friday, October 30th. Banco Santander's dividend payout ratio is presently 17.07%.

Institutional Trading of Banco Santander

Institutional investors have recently modified their holdings of the company. Fiduciary Financial Group LLC increased its holdings in Banco Santander by 4.0% in the 2nd 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 lifted its stake 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 purchasing an additional 861 shares in the last quarter. LifeGoal Investments LLC boosted its position in shares of Banco Santander by 9.0% during the third quarter. LifeGoal Investments LLC now owns 11,277 shares of the bank's stock worth $156,000 after buying an additional 928 shares during the period. Nilsine Partners LLC boosted its position 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 buying an additional 936 shares during the period. Finally, Athena Wealth Management LLC grew its stake in shares of Banco Santander by 3.7% in the third quarter. Athena Wealth Management LLC now owns 28,028 shares of the bank's stock valued at $388,000 after buying an additional 987 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors.

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.