Banco Santander (NYSE:SAN) Downgraded by StockNews.com to “Buy”

Banco Santander (NYSE:SAN) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

Separately, Barclays raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 25th.

Banco Santander Stock Performance

Shares of SAN stock opened at $4.62 on Friday. The stock has a market capitalization of $73.11 billion, a P/E ratio of 6.42, a PEG ratio of 0.40 and a beta of 1.17. The company has a current ratio of 2.27, a quick ratio of 0.35 and a debt-to-equity ratio of 13.96. The firm’s 50 day moving average is $4.97 and its 200 day moving average is $4.50. Banco Santander has a 12 month low of $3.32 and a 12 month high of $5.27.

Banco Santander (NYSE:SAN) last posted its earnings results on Tuesday, April 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). Banco Santander had a return on equity of 10.95% and a net margin of 14.98%. The firm had revenue of $16.34 billion during the quarter. On average, sell-side analysts anticipate that Banco Santander will post 0.82 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SAN. Principal Securities Inc. purchased a new position in shares of Banco Santander during the fourth quarter valued at approximately $35,000. Glassman Wealth Services raised its holdings in shares of Banco Santander by 56.3% during the fourth quarter. Glassman Wealth Services now owns 9,565 shares of the bank’s stock valued at $40,000 after purchasing an additional 3,444 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in shares of Banco Santander by 1,853.0% during the first quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock valued at $40,000 after purchasing an additional 7,931 shares during the last quarter. Riversedge Advisors LLC purchased a new position in shares of Banco Santander during the fourth quarter valued at approximately $42,000. Finally, Coldstream Capital Management Inc. purchased a new position in shares of Banco Santander during the fourth quarter valued at approximately $42,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Company Profile

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.