Recent Analysts’ Ratings Updates for Banco Santander (SAN)

Banco Santander (NYSE: SAN) has recently received a number of price target changes and ratings updates:

  • 2/9/2019 – Banco Santander was upgraded by analysts at Goldman Sachs Group Inc to a “buy” rating. They now have a $6.00 price target on the stock.
  • 2/7/2019 – Banco Santander was downgraded by analysts at TheStreet from an “a-” rating to a “d” rating.
  • 2/2/2019 – Banco Santander was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. The Bank provides banking services for individuals and companies, leasing, factoring, stockbrokerage and mutual fund services. “
  • 1/22/2019 – Banco Santander was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. The Bank provides banking services for individuals and companies, leasing, factoring, stockbrokerage and mutual fund services. “
  • 1/15/2019 – Banco Santander was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. The Bank provides banking services for individuals and companies, leasing, factoring, stockbrokerage and mutual fund services. “
  • 1/8/2019 – Banco Santander was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. The Bank provides banking services for individuals and companies, leasing, factoring, stockbrokerage and mutual fund services. “
  • 1/2/2019 – Banco Santander was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/1/2019 – Banco Santander was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. The Bank provides banking services for individuals and companies, leasing, factoring, stockbrokerage and mutual fund services. “
  • 12/25/2018 – Banco Santander was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. The Bank provides banking services for individuals and companies, leasing, factoring, stockbrokerage and mutual fund services. “
  • 12/18/2018 – Banco Santander was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. The Bank provides banking services for individuals and companies, leasing, factoring, stockbrokerage and mutual fund services. “

Banco Santander stock traded down $0.01 during mid-day trading on Monday, reaching $4.52. The company’s stock had a trading volume of 2,196,032 shares, compared to its average volume of 6,080,455. Banco Santander, S.A. has a 12-month low of $4.21 and a 12-month high of $7.10. The firm has a market capitalization of $72.66 billion, a price-to-earnings ratio of 8.22, a P/E/G ratio of 1.50 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 4.05.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Tuesday, January 29th. The bank reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Banco Santander had a net margin of 16.13% and a return on equity of 7.56%. The business had revenue of $14.31 billion during the quarter. On average, equities research analysts forecast that Banco Santander, S.A. will post 0.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 8th. Investors of record on Thursday, January 31st were paid a $0.0746 dividend. The ex-dividend date was Wednesday, January 30th. This represents a $0.30 dividend on an annualized basis and a yield of 6.60%. Banco Santander’s dividend payout ratio is 41.82%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC grew its stake in Banco Santander by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 98,197,077 shares of the bank’s stock valued at $439,923,000 after buying an additional 3,262,951 shares in the last quarter. Cambiar Investors LLC boosted its holdings in Banco Santander by 20.8% in the 3rd quarter. Cambiar Investors LLC now owns 26,051,566 shares of the bank’s stock valued at $130,258,000 after purchasing an additional 4,494,125 shares during the period. Morgan Stanley boosted its holdings in Banco Santander by 203.4% in the 3rd quarter. Morgan Stanley now owns 11,298,422 shares of the bank’s stock valued at $56,493,000 after purchasing an additional 7,574,610 shares during the period. Macquarie Group Ltd. boosted its holdings in Banco Santander by 30.9% in the 3rd quarter. Macquarie Group Ltd. now owns 10,054,991 shares of the bank’s stock valued at $50,275,000 after purchasing an additional 2,372,931 shares during the period. Finally, Aperio Group LLC boosted its holdings in Banco Santander by 1.1% in the 3rd quarter. Aperio Group LLC now owns 4,631,101 shares of the bank’s stock valued at $23,156,000 after purchasing an additional 50,733 shares during the period. Institutional investors and hedge funds own 1.70% of the company’s stock.

Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.

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