Banco Santander (NYSE:SAN) Rating Increased to Buy at StockNews.com

Banco Santander (NYSE:SAN) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Separately, UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th.

Banco Santander Stock Down 2.2 %

SAN stock opened at $4.75 on Friday. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23. The firm has a market cap of $75.09 billion, a PE ratio of 5.93, a P/E/G ratio of 0.46 and a beta of 1.14. Banco Santander has a 12 month low of $3.78 and a 12 month high of $5.27. The firm has a 50 day simple moving average of $4.95 and a 200 day simple moving average of $4.89.

Institutional Trading of Banco Santander

Several large investors have recently added to or reduced their stakes in SAN. Advisors Asset Management Inc. grew its holdings in shares of Banco Santander by 13.6% during the third quarter. Advisors Asset Management Inc. now owns 97,264 shares of the bank’s stock valued at $496,000 after buying an additional 11,608 shares in the last quarter. West Family Investments Inc. lifted its position in Banco Santander by 35.4% in the 3rd quarter. West Family Investments Inc. now owns 38,575 shares of the bank’s stock worth $197,000 after buying an additional 10,076 shares in the last quarter. Caprock Group LLC grew its holdings in shares of Banco Santander by 14.3% during the 3rd quarter. Caprock Group LLC now owns 176,023 shares of the bank’s stock valued at $898,000 after acquiring an additional 21,997 shares in the last quarter. Pathstone Holdings LLC boosted its position in Banco Santander by 1.7% during the third quarter. Pathstone Holdings LLC now owns 770,092 shares of the bank’s stock valued at $3,927,000 after purchasing an additional 12,659 shares during the last quarter. Finally, Baron Wealth Management LLC lifted its holdings in shares of Banco Santander by 19.1% during the 3rd quarter. Baron Wealth Management LLC now owns 35,456 shares of the bank’s stock valued at $181,000 after buying an additional 5,683 shares during the last quarter. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Company Profile

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.