Banco Santander (NYSE:SAN) Raised to Overweight at Morgan Stanley

Banco Santander (NYSE:SAN) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Tuesday, MarketBeat reports.

A number of other equities analysts have also weighed in on SAN. StockNews.com lowered shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th.

Banco Santander Stock Up 0.4 %

Shares of Banco Santander stock opened at $4.63 on Tuesday. Banco Santander has a 1 year low of $3.83 and a 1 year high of $5.27. 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 company has a market capitalization of $73.27 billion, a P/E ratio of 5.79, a price-to-earnings-growth ratio of 0.44 and a beta of 1.14. The business has a 50-day moving average of $4.91 and a two-hundred day moving average of $4.87.

Institutional Trading of Banco Santander

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of Banco Santander in the first quarter valued at approximately $58,000. Advisors Asset Management Inc. boosted its stake in 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 during the period. Cetera Advisors LLC lifted its holdings in shares of Banco Santander by 16.1% during the first quarter. Cetera Advisors LLC now owns 20,308 shares of the bank’s stock worth $98,000 after buying an additional 2,822 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Banco Santander by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock valued at $23,352,000 after acquiring an additional 834,200 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Banco Santander by 16.8% in the second quarter. GAMMA Investing LLC now owns 24,719 shares of the bank’s stock valued at $114,000 after acquiring an additional 3,563 shares in the last quarter. Institutional investors own 9.19% of the company’s stock.

Banco Santander Company Profile

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.