Banco Santander (NYSE:SAN) Rating Lowered to “Hold” at StockNews.com

Banco Santander (NYSE:SAN) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th.

Banco Santander Price Performance

Shares of SAN opened at $4.95 on Friday. Banco Santander has a 12 month low of $3.71 and a 12 month high of $5.27. The company has a market cap of $78.34 billion, a P/E ratio of 6.19, a PEG ratio of 0.47 and a beta of 1.14. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23. The stock has a fifty day moving average price of $4.95 and a 200 day moving average price of $4.89.

Institutional Investors Weigh In On Banco Santander

Several large investors have recently modified their holdings of SAN. Atria Investments Inc increased its stake in Banco Santander by 50.5% in the 3rd quarter. Atria Investments Inc now owns 27,073 shares of the bank’s stock worth $138,000 after purchasing an additional 9,085 shares in the last quarter. Verdence Capital Advisors LLC grew its position in Banco Santander by 11.5% during the third quarter. Verdence Capital Advisors LLC now owns 42,291 shares of the bank’s stock valued at $216,000 after purchasing an additional 4,373 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Banco Santander by 3.2% in the third quarter. QRG Capital Management Inc. now owns 1,690,877 shares of the bank’s stock worth $8,623,000 after acquiring an additional 53,039 shares during the last quarter. US Bancorp DE increased its position in Banco Santander by 6.9% in the 3rd quarter. US Bancorp DE now owns 438,070 shares of the bank’s stock worth $2,234,000 after purchasing an additional 28,350 shares during the last quarter. Finally, First Trust Direct Indexing L.P. increased its holdings in Banco Santander by 1.3% in the third quarter. First Trust Direct Indexing L.P. now owns 441,323 shares of the bank’s stock worth $2,251,000 after buying an additional 5,602 shares during the last quarter. 9.19% of the stock is owned by 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.