Banco Santander, S.A. (SAN) - What Are Investment Firms Saying About This Stock?

Key Points

• Analyst sentiment is generally positive: Of 15 firms covering Banco Santander, 10 rate it a buy and one a strong buy, while three rate it hold and one sell. The average 12-month price target is $15.10.
• UBS and Royal Bank of Canada reiterated buy ratings, while Jefferies and Erste Group downgraded the stock from buy to hold.
• SAN opened at $12.19, within its 52-week range of $10.05 to $15.05. The bank also paid a dividend of $0.1439 per share on November 5.

Shares of Banco Santander, S.A. (NYSE:SAN - Get Free Report) have earned an average rating of "Moderate Buy" from the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $15.10.

Several brokerages have recently commented on SAN. UBS Group restated a "buy" rating on shares of Banco Santander in a research note on Monday, September 21st. Royal Bank Of Canada reaffirmed a "buy" rating on shares of Banco Santander in a research note on Tuesday, July 28th. Jefferies Financial Group cut shares of Banco Santander from a "buy" rating to a "hold" rating in a report on Tuesday, October 20th. Erste Group Bank cut shares of Banco Santander from a "buy" rating to a "hold" rating in a report on Friday, October 30th. Finally, Mediobanca reissued an "outperform" rating on shares of Banco Santander in a research report on Tuesday, September 15th.

Banco Santander Stock Performance

NYSE:SAN opened at $12.19 on Friday. The company has a market capitalization of $178.99 billion, a P/E ratio of 9.91, a P/E/G ratio of 0.59 and a beta of 0.78. The stock's 50 day moving average price is $13.37 and its 200 day moving average price is $12.94. Banco Santander has a 52 week low of $10.05 and a 52 week high of $15.05.

Banco Santander Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, November 5th. Stockholders of record on Friday, October 30th were paid a dividend of $0.1439 per share. This represents a dividend yield of 257.0%. The ex-dividend date was Friday, October 30th. Banco Santander's dividend payout ratio is 16.26%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SAN. Fiduciary Financial Group LLC lifted its holdings in 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 buying an additional 788 shares during the period. Hidden Cove Wealth Management LLC boosted its stake in Banco Santander by 7.8% in the third quarter. Hidden Cove Wealth Management LLC now owns 11,964 shares of the bank's stock valued at $165,000 after acquiring an additional 861 shares during the last quarter. Rothschild Investment LLC grew its holdings in Banco Santander by 7.7% during the 3rd quarter. Rothschild Investment LLC now owns 12,846 shares of the bank's stock worth $178,000 after acquiring an additional 915 shares during the period. LifeGoal Investments LLC grew its holdings in 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 acquiring an additional 928 shares during the period. Finally, Nilsine Partners LLC raised its position in shares of Banco Santander by 4.2% during the 2nd quarter. Nilsine Partners LLC now owns 23,331 shares of the bank's stock valued at $322,000 after acquiring an additional 936 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company's stock.

Banco Santander Company Profile

Banco Santander is a Spain-based international banking group founded in 1857. Headquartered in Boadilla del Monte, Spain, it provides financial services to individuals, businesses and institutions through its banking and related businesses. The company's services include retail and commercial banking, consumer finance, corporate and investment banking, payments, and wealth management. Its offerings include deposit accounts, loans, credit cards, and financial advice and investment services. Santander serves customers across Europe and the Americas, with operations in markets including Spain, the United Kingdom, the United States, Brazil and Mexico.

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