Banco Santander (NYSE:SAN) Cut to “Hold” at StockNews.com

Banco Santander (NYSE:SAN – Get Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Separately, JPMorgan Chase & Co. upped their target price on Banco Santander from €3.50 ($3.76) to €3.60 ($3.87) in a report on Wednesday, December 7th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Banco Santander has an average rating of “Moderate Buy” and a consensus price target of $3.94.

Banco Santander Price Performance

Shares of Banco Santander stock opened at $3.52 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 4.40. The company has a market cap of $59.12 billion, a PE ratio of 6.07 and a beta of 1.10. The business has a 50 day moving average of $3.59 and a 200 day moving average of $2.99. Banco Santander has a 52 week low of $2.26 and a 52 week high of $4.09.

Institutional Investors Weigh In On Banco Santander

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brookstone Capital Management purchased a new stake in shares of Banco Santander in the third quarter worth $27,000. O Dell Group LLC purchased a new stake in shares of Banco Santander in the third quarter worth $27,000. Enterprise Financial Services Corp purchased a new stake in shares of Banco Santander in the third quarter worth $27,000. Personal Capital Advisors Corp purchased a new stake in shares of Banco Santander in the third quarter worth $28,000. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Banco Santander in the second quarter worth $29,000. 1.90% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Company Profile

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Banco Santander SA is a banking services company, which engages in the provision of banking services to individuals, companies, and institutions. It operates through the following segments: Europe, North America, South America, and Digital Consumer Bank. The Europe segment comprises business activities carried out in the region.