Banco Santander (NYSE:SAN) Cut to “Hold” at Barclays

Barclays lowered shares of Banco Santander (NYSE:SAN) from a strong-buy rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

SAN has been the subject of several other research reports. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. The Goldman Sachs Group lowered Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, October 16th. DZ Bank downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 18th. Finally, Zacks Research lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Banco Santander currently has a consensus rating of “Hold”.

Banco Santander Trading Up 1.1%

Shares of SAN opened at $11.93 on Tuesday. Banco Santander has a 12-month low of $4.58 and a 12-month high of $12.13. The stock has a market cap of $177.51 billion, a P/E ratio of 12.69, a PEG ratio of 0.66 and a beta of 0.73. The company has a 50-day moving average of $11.08 and a two-hundred day moving average of $9.97.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, October 29th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Banco Santander had a net margin of 17.90% and a return on equity of 11.68%. The business had revenue of $26.22 billion during the quarter, compared to analyst estimates of $15.32 billion. As a group, analysts forecast that Banco Santander will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SAN. Richardson Financial Services Inc. acquired a new stake in shares of Banco Santander in the second quarter worth approximately $25,000. Root Financial Partners LLC purchased a new position in Banco Santander during the third quarter worth approximately $25,000. True Wealth Design LLC acquired a new position in shares of Banco Santander in the 3rd quarter valued at $27,000. Westside Investment Management Inc. purchased a new stake in shares of Banco Santander during the 2nd quarter valued at $30,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Banco Santander during the 2nd quarter worth $30,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

About Banco Santander

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.