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

Banco Santander (NYSE:SAN) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

A number of other equities analysts also recently weighed in on the stock. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th.

Banco Santander Price Performance

NYSE SAN opened at $4.63 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08. Banco Santander has a 12-month low of $3.83 and a 12-month high of $5.27. The company has a market capitalization of $73.27 billion, a PE ratio of 5.79, a price-to-earnings-growth ratio of 0.44 and a beta of 1.14. The firm’s 50 day moving average is $4.91 and its 200-day moving average is $4.87.

Hedge Funds Weigh In On Banco Santander

Several institutional investors and hedge funds have recently modified their holdings of SAN. Groupama Asset Managment acquired a new position in shares of Banco Santander in the third quarter valued at $53,000. FMR LLC increased its holdings in shares of Banco Santander by 33.9% in the third quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock valued at $106,558,000 after purchasing an additional 5,290,236 shares during the last quarter. Chevy Chase Trust Holdings LLC acquired a new position in shares of Banco Santander in the third quarter valued at $22,500,000. Fisher Asset Management LLC increased its holdings in shares of Banco Santander by 1.4% in the third quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock valued at $732,284,000 after purchasing an additional 2,011,150 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Banco Santander by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock valued at $23,352,000 after purchasing an additional 834,200 shares during the last quarter. 9.19% of the stock is currently 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.