Banco Santander, S.A. (NYSE:SAN) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday.
Several other brokerages have also issued reports on SAN. Zacks Investment Research lowered shares of Banco Santander, from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Bank of America Corporation raised shares of Banco Santander, from an “underperform” rating to a “neutral” rating in a research report on Friday, June 9th. Keefe, Bruyette & Woods raised shares of Banco Santander, from an “underperform” rating to a “market perform” rating and set a $25.50 price objective on the stock in a research report on Thursday, April 27th. Citigroup Inc. downgraded shares of Banco Santander, from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 25th. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of Banco Santander, in a research report on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Banco Santander, has a consensus rating of “Buy” and an average price target of $16.63.
Banco Santander, (NYSE:SAN) traded down 1.06% during midday trading on Monday, reaching $6.55. 2,088,082 shares of the company’s stock were exchanged. Banco Santander, has a 12-month low of $3.89 and a 12-month high of $6.99. The company has a market cap of $95.50 billion, a price-to-earnings ratio of 13.65 and a beta of 1.40. The firm has a 50-day moving average price of $6.67 and a 200 day moving average price of $6.11.
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Several large investors have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. acquired a new position in Banco Santander, during the first quarter worth $1,412,000. Profund Advisors LLC raised its position in Banco Santander, by 51.0% in the first quarter. Profund Advisors LLC now owns 326,306 shares of the bank’s stock valued at $1,981,000 after buying an additional 110,143 shares during the last quarter. Stifel Financial Corp raised its position in Banco Santander, by 12.3% in the first quarter. Stifel Financial Corp now owns 557,347 shares of the bank’s stock valued at $3,378,000 after buying an additional 61,077 shares during the last quarter. Renaissance Technologies LLC raised its position in Banco Santander, by 82.0% in the fourth quarter. Renaissance Technologies LLC now owns 432,155 shares of the bank’s stock valued at $2,239,000 after buying an additional 194,770 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in Banco Santander, by 116.3% in the fourth quarter. Guggenheim Capital LLC now owns 755,204 shares of the bank’s stock valued at $3,912,000 after buying an additional 406,119 shares during the last quarter. Hedge funds and other institutional investors own 0.71% of the company’s stock.
About Banco Santander,
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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