Banco Santander (NYSE:SAN - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Thursday.
A number of other analysts have also commented on SAN. Morgan Stanley raised Banco Santander from an "equal weight" rating to an "overweight" rating in a research note on Tuesday. UBS Group upgraded shares of Banco Santander from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 4th.
Check Out Our Latest Report on Banco Santander
Banco Santander Trading Up 0.2 %
Shares of Banco Santander stock traded up $0.01 during trading on Thursday, reaching $4.62. The company's stock had a trading volume of 1,883,934 shares, compared to its average volume of 2,753,596. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08. Banco Santander has a 52-week low of $3.83 and a 52-week high of $5.27. The firm's 50-day moving average is $4.91 and its two-hundred day moving average is $4.87. The company has a market cap of $73.11 billion, a price-to-earnings ratio of 5.79, a PEG ratio of 0.44 and a beta of 1.14.
Hedge Funds Weigh In On Banco Santander
Several institutional investors and hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC purchased a new stake in Banco Santander during the 2nd quarter valued at $33,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Banco Santander during the third quarter valued at $45,000. Planned Solutions Inc. bought a new stake in Banco Santander in the 2nd quarter worth about $47,000. AE Wealth Management LLC purchased a new position in Banco Santander in the 2nd quarter worth about $50,000. Finally, Groupama Asset Managment bought a new position in Banco Santander during the 3rd quarter valued at about $53,000. 9.19% of the stock is currently owned by institutional investors.
Banco Santander Company Profile
(
Get Free Report)
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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