Banco Santander (NYSE:SAN - Get Free Report) was upgraded by StockNews.com from a "buy" rating to a "strong-buy" rating in a report issued on Monday.
Separately, Barclays raised Banco Santander from an "equal weight" rating to an "overweight" rating in a research note on Monday, March 25th.
View Our Latest Stock Analysis on Banco Santander
Banco Santander Trading Up 1.3 %
SAN stock traded up $0.06 during mid-day trading on Monday, reaching $4.90. The company's stock had a trading volume of 1,656,135 shares, compared to its average volume of 3,227,334. The company has a market cap of $77.47 billion, a price-to-earnings ratio of 6.80, a price-to-earnings-growth ratio of 0.46 and a beta of 1.19. The business's 50 day moving average price is $4.65 and its 200 day moving average price is $4.23. The company has a current ratio of 2.27, a quick ratio of 0.35 and a debt-to-equity ratio of 13.96. Banco Santander has a 12 month low of $3.20 and a 12 month high of $5.17.
Institutional Investors Weigh In On Banco Santander
Hedge funds have recently added to or reduced their stakes in the company. Xponance Inc. purchased a new position in shares of Banco Santander during the third quarter valued at approximately $74,000. Raymond James & Associates boosted its position in shares of Banco Santander by 4.2% during the third quarter. Raymond James & Associates now owns 192,244 shares of the bank's stock valued at $723,000 after buying an additional 7,816 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of Banco Santander during the third quarter valued at approximately $56,000. Brown Advisory Inc. purchased a new position in shares of Banco Santander during the third quarter valued at approximately $49,000. Finally, Lindbrook Capital LLC boosted its position in shares of Banco Santander by 31.0% during the third quarter. Lindbrook Capital LLC now owns 27,575 shares of the bank's stock valued at $104,000 after buying an additional 6,518 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company's stock.
Banco Santander Company Profile
(
Get Free Report)
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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