Today, The Zacks Investment Research Downgrade Banco Santander SA (SAN) to Sell

Today, The Zacks Investment Research Downgrade Banco Santander SA (SAN) to Sell

Banco Santander SA (NYSE:SAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. The Bank provides banking services for individuals and companies, leasing, factoring, stockbrokerage and mutual fund services. “

Other analysts have also issued research reports about the company. RBC Capital Markets raised Banco Santander SA from an “underperform” rating to a “sector perform” rating in a report on Wednesday, October 19th. Barclays PLC raised Banco Santander SA from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 6th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Banco Santander SA in a report on Monday, August 1st. Natixis raised Banco Santander SA from a “reduce” rating to a “buy” rating in a report on Tuesday, October 11th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Banco Santander SA in a report on Wednesday, September 28th. Five investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $4.56.

Shares of Banco Santander SA (NYSE:SAN) opened at 4.53 on Wednesday. The company’s 50-day moving average price is $4.62 and its 200-day moving average price is $4.41. The stock has a market cap of $66.43 billion, a PE ratio of 14.47 and a beta of 1.72. Banco Santander SA has a one year low of $3.60 and a one year high of $5.49.

Banco Santander SA (NYSE:SAN) last posted its earnings results on Wednesday, October 26th. The company reported $0.12 EPS for the quarter. Banco Santander SA had a return on equity of 6.06% and a net margin of 13.89%. Equities research analysts anticipate that Banco Santander SA will post $0.37 earnings per share for the current year.

The business also recently declared a dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, October 17th were issued a dividend of $0.038 per share. The ex-dividend date was Thursday, October 13th. Banco Santander SA’s dividend payout ratio is presently 38.64%.

Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Banco Santander SA by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,983,295 shares of the company’s stock valued at $19,535,000 after buying an additional 31,877 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Banco Santander SA by 4.9% in the second quarter. Parametric Portfolio Associates LLC now owns 3,936,836 shares of the company’s stock valued at $15,432,000 after buying an additional 184,547 shares during the last quarter. Aperio Group LLC increased its position in shares of Banco Santander SA by 0.8% in the third quarter. Aperio Group LLC now owns 3,630,666 shares of the company’s stock valued at $16,011,000 after buying an additional 28,539 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Banco Santander SA by 196.5% in the third quarter. SG Americas Securities LLC now owns 2,501,017 shares of the company’s stock valued at $11,029,000 after buying an additional 1,657,419 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new position in shares of Banco Santander SA during the third quarter valued at approximately $10,772,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

About Banco Santander SA

Banco Santander, SA is a retail and commercial bank. The Bank’s principal business is to attract deposits and provide loans. The Bank focuses its wholesale banking offer on providing services to its main customers in local markets. The Banks segments include Continental Europe, United Kingdom, Latin America and United States.

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