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

StockNews.com cut shares of Banco Santander (NYSE:SAN) from a buy rating to a hold rating in a report published on Tuesday morning.

Separately, Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th.

Banco Santander Trading Up 1.1 %

Shares of NYSE SAN opened at $4.95 on Tuesday. Banco Santander has a 12-month low of $3.83 and a 12-month high of $5.27. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08. The stock’s 50 day simple moving average is $4.69 and its 200 day simple moving average is $4.80. The company has a market cap of $78.26 billion, a price-to-earnings ratio of 6.18, a price-to-earnings-growth ratio of 0.43 and a beta of 1.11.

Institutional Trading of Banco Santander

Several institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Banco Santander in the 3rd quarter worth approximately $45,000. AE Wealth Management LLC bought a new position in shares of Banco Santander in the second quarter valued at $50,000. Groupama Asset Managment bought a new stake in shares of Banco Santander during the 3rd quarter worth $53,000. Echo45 Advisors LLC acquired a new stake in shares of Banco Santander during the fourth quarter worth $53,000. Finally, Brookstone Capital Management acquired a new position in shares of Banco Santander in the 3rd quarter valued at $54,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

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.