Banco Santander (NYSE:SAN - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Friday.
Separately, UBS Group upgraded Banco Santander from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 4th.
View Our Latest Report on Banco Santander
Banco Santander Stock Up 2.1 %
Shares of Banco Santander stock traded up $0.10 during trading hours on Friday, reaching $4.96. The company's stock had a trading volume of 3,121,129 shares, compared to its average volume of 2,718,583. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33. The stock's fifty day simple moving average is $4.95 and its two-hundred day simple moving average is $4.89. The company has a market capitalization of $78.49 billion, a P/E ratio of 6.20, a P/E/G ratio of 0.47 and a beta of 1.14. Banco Santander has a one year low of $3.71 and a one year high of $5.27.
Institutional Investors Weigh In On Banco Santander
Several large investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new stake in shares of Banco Santander in the second quarter worth about $33,000. Planned Solutions Inc. bought a new position in shares of Banco Santander in the second quarter worth $47,000. AE Wealth Management LLC purchased a new stake in shares of Banco Santander in the second quarter worth $50,000. Norden Group LLC bought a new stake in Banco Santander during the first quarter valued at $52,000. Finally, Brookstone Capital Management purchased a new stake in shares of Banco Santander in the 3rd quarter valued at about $54,000. Hedge funds and other institutional investors own 9.19% of the company's stock.
About Banco Santander
(
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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