Banco Santander, S.A. (NYSE:SAN) Rating Lowered to Hold at BidaskClub

Banco Santander, S.A. (NYSE:SAN) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other equities research analysts have also issued reports on the company. Keefe, Bruyette & Woods raised Banco Santander, from an “underperform” rating to a “market perform” rating and set a $25.50 target price on the stock in a research report on Thursday, April 27th. Citigroup Inc. lowered Banco Santander, from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 25th. ValuEngine raised Banco Santander, from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 17th. Bank of America Corporation raised Banco Santander, from an “underperform” rating to a “neutral” rating in a research report on Friday, June 9th. Finally, Zacks Investment Research lowered Banco Santander, from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $16.63.

Shares of Banco Santander, (SAN) opened at 6.47 on Friday. Banco Santander, has a 52-week low of $4.08 and a 52-week high of $6.99. The company’s 50-day moving average price is $6.73 and its 200-day moving average price is $6.26. The stock has a market cap of $99.51 billion, a PE ratio of 12.12 and a beta of 1.41.

Banco Santander, (NYSE:SAN) last announced its quarterly earnings data on Friday, July 28th. The bank reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The firm had revenue of $13.10 billion during the quarter. Banco Santander, had a net margin of 14.98% and a return on equity of 6.70%. Analysts expect that Banco Santander, will post $0.49 earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Fisher Asset Management LLC increased its position in shares of Banco Santander, by 20,016.6% in the second quarter. Fisher Asset Management LLC now owns 78,057,067 shares of the bank’s stock worth $522,202,000 after buying an additional 77,669,044 shares during the period. Karp Capital Management Corp purchased a new position in shares of Banco Santander, during the first quarter worth approximately $21,219,000. Senvest Management LLC purchased a new position in shares of Banco Santander, during the second quarter worth approximately $8,363,000. Todd Asset Management LLC increased its position in shares of Banco Santander, by 44.9% in the second quarter. Todd Asset Management LLC now owns 3,574,941 shares of the bank’s stock worth $23,916,000 after buying an additional 1,107,295 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in shares of Banco Santander, by 20.0% in the first quarter. Parametric Portfolio Associates LLC now owns 6,537,270 shares of the bank’s stock worth $39,681,000 after buying an additional 1,087,472 shares during the period. Hedge funds and other institutional investors own 1.25% 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.