Trading Report: The Banco Santander SA (SAN) Upgraded at Natixis

The Banco Santander SA (SAN) Upgraded at Natixis

Natixis upgraded shares of Banco Santander SA (NYSE:SAN) from a reduce rating to a buy rating in a research report released on Tuesday morning.

Several other research firms have also recently issued reports on SAN. Citigroup Inc. reissued a buy rating on shares of Banco Santander SA in a research report on Wednesday, September 28th. Zacks Investment Research cut shares of Banco Santander SA from a hold rating to a sell rating in a research report on Thursday, July 21st. Goldman Sachs Group Inc. reissued a buy rating on shares of Banco Santander SA in a research report on Friday, September 23rd. Barclays PLC raised shares of Banco Santander SA from an equal weight rating to an overweight rating in a research report on Tuesday, September 6th. Finally, Deutsche Bank AG raised shares of Banco Santander SA from a hold rating to a buy rating in a research report on Wednesday, August 31st. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. Banco Santander SA currently has a consensus rating of Hold and a consensus target price of $4.50.

Shares of Banco Santander SA (NYSE:SAN) opened at 4.28 on Tuesday. The stock has a market capitalization of $68.37 billion, a P/E ratio of 13.13 and a beta of 1.67. Banco Santander SA has a 12 month low of $3.60 and a 12 month high of $5.83. The firm has a 50 day moving average of $4.44 and a 200-day moving average of $4.40.

The firm also recently declared a dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 17th will be given a dividend of $0.038 per share. The ex-dividend date is Thursday, October 13th. Banco Santander SA’s dividend payout ratio (DPR) is 38.64%.

Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can purchased a new stake in Banco Santander SA during the second quarter worth about $6,908,000. Societe Generale purchased a new stake in Banco Santander SA during the second quarter worth about $3,307,000. JPMorgan Chase & Co. raised its stake in Banco Santander SA by 250.5% in the first quarter. JPMorgan Chase & Co. now owns 1,151,966 shares of the company’s stock worth $5,023,000 after buying an additional 823,302 shares in the last quarter. Guggenheim Capital LLC raised its stake in Banco Santander SA by 83.3% in the second quarter. Guggenheim Capital LLC now owns 909,095 shares of the company’s stock worth $3,564,000 after buying an additional 413,123 shares in the last quarter. Finally, Jarislowsky Fraser Ltd raised its stake in Banco Santander SA by 44.4% in the second quarter. Jarislowsky Fraser Ltd now owns 999,755 shares of the company’s stock worth $14,937,000 after buying an additional 307,637 shares in the last quarter. Institutional investors own 0.64% of the company’s stock.

About Banco Santander SA

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