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

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

Other analysts have also recently issued reports about the company. HSBC cut Banco Santander from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. BNP Paribas upgraded Banco Santander from a “neutral” rating to an “outperform” rating in a research report on Wednesday, March 22nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Banco Santander currently has a consensus rating of “Moderate Buy” and an average target price of $3.70.

Banco Santander Trading Up 0.6 %

Shares of Banco Santander stock opened at $3.35 on Friday. The business’s 50 day simple moving average is $3.58 and its 200-day simple moving average is $3.37. The stock has a market capitalization of $55.12 billion, a price-to-earnings ratio of 5.78 and a beta of 1.08. Banco Santander has a twelve month low of $2.26 and a twelve month high of $4.09.

Hedge Funds Weigh In On Banco Santander

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its stake in Banco Santander by 2.9% during the 1st quarter. Fisher Asset Management LLC now owns 149,246,951 shares of the bank’s stock valued at $550,721,000 after purchasing an additional 4,146,463 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Banco Santander by 2.7% during the 1st quarter. Macquarie Group Ltd. now owns 21,100,827 shares of the bank’s stock valued at $77,862,000 after purchasing an additional 547,609 shares in the last quarter. Morgan Stanley boosted its stake in Banco Santander by 9.7% during the 4th quarter. Morgan Stanley now owns 20,137,558 shares of the bank’s stock valued at $59,406,000 after purchasing an additional 1,777,193 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Banco Santander by 6.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 14,703,761 shares of the bank’s stock valued at $43,376,000 after purchasing an additional 923,474 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Banco Santander by 37.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,999,050 shares of the bank’s stock valued at $47,316,000 after purchasing an additional 3,805,547 shares in the last quarter. 1.90% of the stock is owned by institutional investors.

Banco Santander Company Profile

(Get Rating)

Banco Santander SA is a banking services company, which engages in the provision of banking services to individuals, companies, and institutions. It operates through the following segments: Europe, North America, South America, and Digital Consumer Bank. The Europe segment comprises business activities carried out in the region.