Shares of Banco Santander SA (NYSE:SAN) have been assigned an average rating of “Hold” from the ten analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $81.00.

SAN has been the topic of a number of recent analyst reports. HSBC lowered shares of Banco Santander from a “buy” rating to a “hold” rating in a report on Wednesday, May 13th. ValuEngine upgraded shares of Banco Santander from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 11th. Zacks Investment Research lowered shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Royal Bank of Canada restated an “outperform” rating on shares of Banco Santander in a research note on Monday, May 4th. Finally, Credit Suisse Group lowered shares of Banco Santander from an “outperform” rating to a “neutral” rating in a research note on Thursday, June 18th.

Several large investors have recently made changes to their positions in the stock. State Street Corp grew its position in shares of Banco Santander by 52.6% during the 1st quarter. State Street Corp now owns 1,430,005 shares of the bank’s stock valued at $3,361,000 after buying an additional 493,088 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of Banco Santander by 7.7% during the 1st quarter. Clearbridge Investments LLC now owns 2,320,570 shares of the bank’s stock valued at $5,453,000 after buying an additional 166,424 shares during the last quarter. Advisor Group Holdings Inc. bought a new stake in shares of Banco Santander during the 1st quarter valued at about $217,000. Capital Research Global Investors grew its position in Banco Santander by 47.6% in the 1st quarter. Capital Research Global Investors now owns 70,175 shares of the bank’s stock worth $173,000 after purchasing an additional 22,617 shares during the last quarter. Finally, Jane Street Group LLC grew its position in Banco Santander by 216.9% in the 1st quarter. Jane Street Group LLC now owns 2,185,839 shares of the bank’s stock worth $5,348,000 after purchasing an additional 1,496,074 shares during the last quarter. 1.64% of the stock is owned by institutional investors and hedge funds.

SAN stock traded down $0.04 during trading on Thursday, reaching $2.41. The stock had a trading volume of 5,948,101 shares, compared to its average volume of 10,353,565. Banco Santander has a 1-year low of $1.90 and a 1-year high of $4.74. The company has a market capitalization of $39.37 billion, a P/E ratio of 8.03 and a beta of 1.11. The firm has a fifty day moving average price of $2.34 and a 200 day moving average price of $3.07.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Tuesday, April 28th. The bank reported $0.12 EPS for the quarter. Banco Santander had a net margin of 10.23% and a return on equity of 7.52%. The firm had revenue of $13.03 billion for the quarter. On average, research analysts expect that Banco Santander will post 0.25 EPS for the current fiscal year.

Banco Santander Company Profile

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; mortgages, consumer finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; debt capital markets and global markets services; and debit and credit cards.

See Also: Federal Reserve

Analyst Recommendations for Banco Santander (NYSE:SAN)

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