Weiss Ratings Reaffirms Buy (B+) Rating for Banco Santander (NYSE:SAN)

Key Points

• Weiss Ratings has reaffirmed a "buy (B+)" rating for Banco Santander (NYSE: SAN), highlighting positive investor sentiment towards the stock.
• Despite the positive outlook from Weiss, other analysts have lowered their ratings, with Goldman Sachs downgrading to "strong sell" and Kepler Capital reducing to "hold."
• Banco Santander's stock is currently trading at $9.67, down 0.4%, with a market cap of $143.87 billion and analysts projecting an earnings per share (EPS) of 0.83 for the current fiscal year.

Banco Santander (NYSE:SAN - Get Free Report)'s stock had its "buy (b+)" rating reaffirmed by Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group lowered shares of Banco Santander from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, October 16th. Kepler Capital Markets downgraded shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, Zacks Research raised shares of Banco Santander from a "hold" rating to a "strong-buy" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Banco Santander Stock Down 0.4%

SAN traded down $0.04 during trading on Friday, hitting $9.67. 2,543,678 shares of the company traded hands, compared to its average volume of 5,220,222. The firm has a market cap of $143.87 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 0.66 and a beta of 1.02. The stock's fifty day moving average is $9.89 and its 200 day moving average is $8.60. Banco Santander has a one year low of $4.43 and a one year high of $10.50.

Banco Santander (NYSE:SAN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.04). The company had revenue of $17.83 billion for the quarter, compared to the consensus estimate of $17.69 billion. Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. Banco Santander has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Banco Santander will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Banco Santander

A number of institutional investors and hedge funds have recently modified their holdings of SAN. Lazard Asset Management LLC lifted its holdings in shares of Banco Santander by 2,038,075.5% in the second quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank's stock worth $63,438,000 after buying an additional 7,642,783 shares in the last quarter. Chevy Chase Trust Holdings LLC raised its stake in Banco Santander by 22.0% in the second quarter. Chevy Chase Trust Holdings LLC now owns 14,482,986 shares of the bank's stock valued at $120,209,000 after purchasing an additional 2,607,392 shares in the last quarter. Bank of America Corp DE raised its stake in Banco Santander by 68.5% in the second quarter. Bank of America Corp DE now owns 4,778,086 shares of the bank's stock valued at $39,658,000 after purchasing an additional 1,942,579 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Banco Santander by 153.5% in the second quarter. Envestnet Asset Management Inc. now owns 3,001,256 shares of the bank's stock valued at $24,910,000 after purchasing an additional 1,817,192 shares in the last quarter. Finally, Barometer Capital Management Inc. raised its stake in Banco Santander by 5,818.8% in the second quarter. Barometer Capital Management Inc. now owns 1,757,483 shares of the bank's stock valued at $14,587,000 after purchasing an additional 1,727,790 shares in the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.

About Banco Santander

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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