Banco Santander (NYSE:SAN) Stock Rating Upgraded by StockNews.com

Banco Santander (NYSE:SAN) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday.

Separately, Barclays raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 25th.

Banco Santander Stock Performance

Shares of Banco Santander stock opened at $5.03 on Monday. The company has a quick ratio of 0.35, a current ratio of 2.27 and a debt-to-equity ratio of 13.96. Banco Santander has a twelve month low of $3.20 and a twelve month high of $5.17. The stock has a market cap of $79.60 billion, a price-to-earnings ratio of 6.99, a P/E/G ratio of 0.46 and a beta of 1.19. The company’s fifty day moving average is $4.67 and its 200 day moving average is $4.24.

Institutional Investors Weigh In On Banco Santander

Several hedge funds and other institutional investors have recently made changes to their positions in SAN. Principal Securities Inc. bought a new stake in shares of Banco Santander during the fourth quarter worth about $35,000. Glassman Wealth Services increased its position in shares of Banco Santander by 56.3% during the fourth quarter. Glassman Wealth Services now owns 9,565 shares of the bank’s stock worth $40,000 after acquiring an additional 3,444 shares in the last quarter. Financial Management Professionals Inc. grew its position in Banco Santander by 1,853.0% in the 1st quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock worth $40,000 after purchasing an additional 7,931 shares in the last quarter. Riversedge Advisors LLC bought a new stake in Banco Santander in the 4th quarter worth about $42,000. Finally, Coldstream Capital Management Inc. bought a new stake in Banco Santander in the 4th quarter worth about $42,000. 9.19% of the stock is owned by institutional investors.

About Banco Santander

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.