Banco Santander, SA (NYSE:SAN) receives analysts’ average “buy” recommendation


Shares of Banco Santander, SA (NYSE:SAN – Get Rating) received an average recommendation of “Buy” from the sixteen analysts who currently cover the stock, reports MarketBeat.com. Six analysts rated the stock with a hold recommendation and seven gave the company a buy recommendation. The 12-month average price target among brokers who updated their coverage on the stock in the last year is $3.94.

SAN has been the subject of a number of analyst reports. Morgan Stanley raised its price target on Banco Santander from €4.00 ($4.21) to €4.20 ($4.42) in a Monday, April 4 research report. Deutsche Bank Aktiengesellschaft raised its price target on Banco Santander from €3.90 ($4.11) to €4.20 ($4.42) and assigned the company a “buy” rating in a rating. research from Thursday, March 31. Royal Bank of Canada raised its price target on Banco Santander shares from €2.90 ($3.05) to €3.00 ($3.16) and assigned the stock a rating of “ sector performance” in a Friday, April 29 research note. UBS Group raised its price target on Banco Santander shares from €4.35 ($4.58) to €4.40 ($4.63) in a Wednesday, January 26 research report. Finally, TheStreet upgraded Banco Santander’s shares from a “d+” rating to a “c” rating in a Friday, February 18 research report.

Several hedge funds have recently changed their positions in the company. SVB Wealth LLC purchased a new stake in shares of Banco Santander during the first quarter worth approximately $69,000. ING Groep NV increased its stake in Banco Santander by 395.2% during the first quarter. ING Groep NV now owns 149,450 shares in the bank worth $505,000 after buying an additional 119,269 shares in the last quarter. Mariner LLC increased its stake in Banco Santander to 93.2% in the first quarter. Mariner LLC now owns 137,161 shares of the bank valued at $464,000 after purchasing an additional 66,168 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Banco Santander by 87.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,708,245 shares of the bank worth $36,194,000 after acquiring an additional 4,999,413 shares during the period. Finally, First Trust Advisors LP raised its position in Banco Santander shares by 11.0% in the 1st quarter. First Trust Advisors LP now owns 96,286 shares of the bank worth $326,000 after acquiring 9,547 additional shares last quarter. 8.34% of the shares are currently held by hedge funds and other institutional investors.

SAN opened at $2.84 on Friday. The stock has a fifty-day moving average of $3.22 and a 200-day moving average of $3.39. Banco Santander has a fifty-two week low of $2.68 and a fifty-two week high of $4.38. The company has a market capitalization of $49.25 billion, a P/E ratio of 4.98 and a beta of 1.30.

Banco Santander (NYSE:SAN – Get Rating) last released quarterly earnings data on Tuesday, April 26. The bank reported earnings per share of $0.16 for the quarter, beating the consensus estimate of $0.14 by $0.02. Banco Santander achieved a net margin of 19.12% and a return on equity of 9.25%. The company posted revenue of $13.81 billion in the quarter, compared to $13.31 billion expected by analysts. As a group, sell-side analysts expect Banco Santander to post year-to-date EPS of 0.59.

The company also recently declared a semi-annual dividend, which was paid on Thursday, May 5. Shareholders of record on Friday, April 29 received a dividend of $0.0571 per share. The ex-dividend date was Thursday, April 28. This is an increase from Banco Santander’s previous semi-annual dividend of $0.06. This represents a dividend yield of 1.1%. Banco Santander’s dividend payout rate is 12.28%.

Banco Santander company profile (Get a rating)

Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium enterprises and large corporations worldwide. It offers demand and term deposits, as well as current and savings accounts; mortgages, consumer credit, syndicated corporate loans, structured finance, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products.

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