Banco Santander (NYSE:SAN) Downgraded by The Goldman Sachs Group to “Hold”

The Goldman Sachs Group cut shares of Banco Santander (NYSE:SAN) from a strong-buy rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

SAN has been the subject of several other reports. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Banco Santander Trading Down 0.4 %

Shares of NYSE SAN opened at $5.92 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83. The stock’s 50 day moving average price is $4.89 and its two-hundred day moving average price is $4.85. Banco Santander has a 52-week low of $3.88 and a 52-week high of $5.97. The stock has a market capitalization of $93.75 billion, a P/E ratio of 7.14, a PEG ratio of 0.73 and a beta of 1.12.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. On average, analysts anticipate that Banco Santander will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of Banco Santander

A number of large investors have recently modified their holdings of SAN. R Squared Ltd bought a new position in Banco Santander in the 4th quarter worth about $27,000. Larson Financial Group LLC boosted its position in shares of Banco Santander by 2,226.3% during the fourth quarter. Larson Financial Group LLC now owns 5,839 shares of the bank’s stock worth $27,000 after buying an additional 5,588 shares during the period. Sierra Ocean LLC bought a new position in Banco Santander in the 4th quarter worth approximately $32,000. Advisors Preferred LLC acquired a new stake in Banco Santander in the 4th quarter valued at approximately $37,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Banco Santander during the 3rd quarter valued at $45,000. 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.