Banco Santander (NYSE:SAN) Raised to “Hold” at HSBC

HSBC upgraded shares of Banco Santander (NYSE:SAN) from a reduce rating to a hold rating in a research note issued to investors on Wednesday morning, The Fly reports.

SAN has been the topic of a number of other reports. Zacks Investment Research raised Banco Santander from a sell rating to a hold rating in a research note on Saturday, July 27th. UBS Group cut Banco Santander from a buy rating to a neutral rating in a research note on Thursday, July 18th. Finally, ValuEngine cut Banco Santander from a sell rating to a strong sell rating in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $5.75.

NYSE SAN opened at $3.77 on Wednesday. Banco Santander has a 12 month low of $3.77 and a 12 month high of $5.43. The stock has a market cap of $61.19 billion, a P/E ratio of 6.85 and a beta of 1.14. The stock’s fifty day moving average price is $4.28 and its 200-day moving average price is $4.59. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 11.13.

Banco Santander (NYSE:SAN) last released its earnings results on Tuesday, July 23rd. The bank reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Banco Santander had a return on equity of 7.27% and a net margin of 14.99%. The company had revenue of $13.88 billion during the quarter. As a group, analysts forecast that Banco Santander will post 0.54 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the stock. Enterprise Financial Services Corp boosted its position in shares of Banco Santander by 85.6% during the first quarter. Enterprise Financial Services Corp now owns 5,370 shares of the bank’s stock valued at $25,000 after buying an additional 2,477 shares during the last quarter. Profund Advisors LLC boosted its position in shares of Banco Santander by 1.4% during the second quarter. Profund Advisors LLC now owns 180,553 shares of the bank’s stock valued at $827,000 after buying an additional 2,535 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Banco Santander by 15.7% during the first quarter. Park Avenue Securities LLC now owns 18,745 shares of the bank’s stock valued at $90,000 after buying an additional 2,543 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Banco Santander by 53.9% during the first quarter. Cornerstone Advisors Inc. now owns 7,473 shares of the bank’s stock valued at $35,000 after buying an additional 2,616 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Banco Santander by 5.5% during the first quarter. Signaturefd LLC now owns 58,553 shares of the bank’s stock valued at $271,000 after buying an additional 3,050 shares during the last quarter. 1.61% of the stock is currently owned by institutional investors.

About Banco Santander

Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; debt capital markets and global markets services; and debit and credit cards.

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