StockNews.com Upgrades Banco Santander (NYSE:SAN) to “Buy”

StockNews.com upgraded shares of Banco Santander (NYSE:SAN) from a hold rating to a buy rating in a research note published on Thursday morning.

A number of other equities research analysts have also weighed in on SAN. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th.

Banco Santander Price Performance

Shares of NYSE SAN opened at $4.62 on Thursday. Banco Santander has a fifty-two week low of $3.83 and a fifty-two week high of $5.27. The company has a market cap of $73.11 billion, a PE ratio of 5.78, a P/E/G ratio of 0.44 and a beta of 1.14. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33. The business has a 50-day simple moving average of $4.89 and a two-hundred day simple moving average of $4.86.

Banco Santander Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 6th. Investors of record on Thursday, October 31st were given a dividend of $0.08 per share. The ex-dividend date was Thursday, October 31st. This represents a yield of 3%. Banco Santander’s dividend payout ratio is presently 18.75%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its stake in shares of Banco Santander by 2.8% in the 1st quarter. Advisors Asset Management Inc. now owns 81,357 shares of the bank’s stock valued at $394,000 after purchasing an additional 2,248 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Banco Santander by 22.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 12,722 shares of the bank’s stock valued at $59,000 after buying an additional 2,303 shares in the last quarter. Atomi Financial Group Inc. grew its stake in Banco Santander by 1.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 151,930 shares of the bank’s stock valued at $775,000 after acquiring an additional 2,392 shares during the period. Sivia Capital Partners LLC raised its position in Banco Santander by 4.4% during the second quarter. Sivia Capital Partners LLC now owns 58,130 shares of the bank’s stock worth $269,000 after acquiring an additional 2,433 shares during the period. Finally, Aprio Wealth Management LLC lifted its holdings in Banco Santander by 12.4% during the third quarter. Aprio Wealth Management LLC now owns 25,187 shares of the bank’s stock valued at $128,000 after purchasing an additional 2,782 shares in the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

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.