Banco Santander, S.A. (NYSE:SAN) Given Average Recommendation of “Buy” by Analysts

Shares of Banco Santander, S.A. (NYSE:SANGet Rating) have been given an average recommendation of “Buy” by the sixteen analysts that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $3.94.

SAN has been the topic of a number of analyst reports. Morgan Stanley increased their price target on Banco Santander from €4.00 ($4.21) to €4.20 ($4.42) in a research report on Monday, April 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Banco Santander from €3.90 ($4.11) to €4.20 ($4.42) and gave the company a “buy” rating in a research note on Thursday, March 31st. Royal Bank of Canada increased their price objective on shares of Banco Santander from €2.90 ($3.05) to €3.00 ($3.16) and gave the stock a “sector perform” rating in a research note on Friday, April 29th. UBS Group boosted their target price on shares of Banco Santander from €4.35 ($4.58) to €4.40 ($4.63) in a research report on Wednesday, January 26th. Finally, TheStreet upgraded shares of Banco Santander from a “d+” rating to a “c” rating in a research report on Friday, February 18th.

Several hedge funds have recently made changes to their positions in the company. SVB Wealth LLC bought a new stake in shares of Banco Santander during the first quarter worth about $69,000. ING Groep NV raised its stake in Banco Santander by 395.2% during the first quarter. ING Groep NV now owns 149,450 shares of the bank’s stock worth $505,000 after buying an additional 119,269 shares during the last quarter. Mariner LLC lifted its holdings in Banco Santander by 93.2% in the first quarter. Mariner LLC now owns 137,161 shares of the bank’s stock valued at $464,000 after buying an additional 66,168 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Banco Santander by 87.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,708,245 shares of the bank’s stock worth $36,194,000 after acquiring an additional 4,999,413 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Banco Santander by 11.0% in the 1st quarter. First Trust Advisors LP now owns 96,286 shares of the bank’s stock worth $326,000 after acquiring an additional 9,547 shares in the last quarter. 8.34% of the stock is currently owned by hedge funds and other institutional investors.

SAN opened at $2.84 on Friday. The stock has a fifty day moving average of $3.22 and a 200-day moving average of $3.39. Banco Santander has a fifty-two week low of $2.68 and a fifty-two week high of $4.38. The company has a market capitalization of $49.25 billion, a P/E ratio of 4.98 and a beta of 1.30.

Banco Santander (NYSE:SANGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The bank reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Banco Santander had a net margin of 19.12% and a return on equity of 9.25%. The business had revenue of $13.81 billion during the quarter, compared to analysts’ expectations of $13.31 billion. As a group, sell-side analysts expect that Banco Santander will post 0.59 EPS for the current year.

The business also recently declared a semi-annual dividend, which was paid on Thursday, May 5th. Stockholders of record on Friday, April 29th were issued a dividend of $0.0571 per share. The ex-dividend date of this dividend was Thursday, April 28th. This is an increase from Banco Santander’s previous semi-annual dividend of $0.06. This represents a dividend yield of 1.1%. Banco Santander’s dividend payout ratio is 12.28%.

Banco Santander Company Profile (Get Rating)

Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, syndicated corporate loans, structured financing, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products.

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Analyst Recommendations for Banco Santander (NYSE:SAN)

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