Banco Santander, S.A. (NYSE:SAN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Banco Santander, S.A. (NYSE:SAN) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company.

A number of equities analysts have recently commented on SAN shares. Kepler Capital Markets cut Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Finally, Citigroup began coverage on Banco Santander in a research report on Wednesday, June 4th. They set a “buy” rating on the stock.

Banco Santander Price Performance

Shares of NYSE SAN opened at $9.5150 on Wednesday. Banco Santander has a fifty-two week low of $4.43 and a fifty-two week high of $9.70. The stock has a market capitalization of $141.63 billion, a PE ratio of 10.57, a P/E/G ratio of 1.07 and a beta of 1.06. The business has a fifty day moving average price of $8.61 and a two-hundred day moving average price of $7.45.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). Banco Santander had a return on equity of 11.98% and a net margin of 17.30%.The business had revenue of $17.83 billion for the quarter, compared to analyst estimates of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. On average, equities analysts expect that Banco Santander will post 0.83 EPS for the current year.

Institutional Trading of Banco Santander

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in shares of Banco Santander by 791.8% in the first quarter. GAMMA Investing LLC now owns 294,036 shares of the bank’s stock worth $1,970,000 after purchasing an additional 261,066 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Banco Santander by 12.9% during the first quarter. PNC Financial Services Group Inc. now owns 299,177 shares of the bank’s stock valued at $2,004,000 after acquiring an additional 34,248 shares during the last quarter. Barclays PLC increased its position in shares of Banco Santander by 284.9% during the fourth quarter. Barclays PLC now owns 670,513 shares of the bank’s stock valued at $3,057,000 after acquiring an additional 496,309 shares during the last quarter. Chevy Chase Trust Holdings LLC increased its position in shares of Banco Santander by 30.5% during the first quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank’s stock valued at $79,566,000 after acquiring an additional 2,774,449 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Banco Santander during the first quarter valued at approximately $375,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

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.