Banco Santander (NYSE:SAN) Upgraded to Strong-Buy at UBS Group

UBS Group upgraded shares of Banco Santander (NYSE:SAN) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday, Zacks.com reports.

Separately, StockNews.com lowered Banco Santander from a strong-buy rating to a buy rating in a research note on Saturday, June 22nd.

Banco Santander Stock Performance

Shares of SAN stock opened at $4.74 on Wednesday. Banco Santander has a fifty-two week low of $3.52 and a fifty-two week high of $5.27. The firm has a market capitalization of $75.01 billion, a PE ratio of 6.58, a P/E/G ratio of 0.40 and a beta of 1.14. The stock’s 50-day simple moving average is $4.76 and its 200-day simple moving average is $4.76.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $16.87 billion during the quarter. Banco Santander had a net margin of 15.35% and a return on equity of 11.42%. Sell-side analysts forecast that Banco Santander will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On Banco Santander

Several large investors have recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in shares of Banco Santander in the second quarter worth about $33,000. Principal Securities Inc. purchased a new stake in shares of Banco Santander in the fourth quarter valued at approximately $35,000. Financial Management Professionals Inc. raised its stake in shares of Banco Santander by 1,853.0% during the 1st quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock worth $40,000 after buying an additional 7,931 shares during the period. Coldstream Capital Management Inc. purchased a new position in shares of Banco Santander during the 4th quarter valued at approximately $42,000. Finally, Sunpointe LLC acquired a new stake in Banco Santander in the 4th quarter valued at $43,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

About Banco Santander

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.