Banco Santander (NYSE:SAN) Downgraded to Hold Rating by StockNews.com

Banco Santander (NYSE:SAN) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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

Banco Santander Price Performance

NYSE:SAN traded up $0.06 during mid-day trading on Tuesday, reaching $4.95. The stock had a trading volume of 3,512,724 shares, compared to its average volume of 3,110,260. The stock has a market capitalization of $78.26 billion, a P/E ratio of 6.18, a P/E/G ratio of 0.43 and a beta of 1.11. The firm has a 50 day moving average price of $4.69 and a two-hundred day moving average price of $4.80. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33. Banco Santander has a one year low of $3.83 and a one year high of $5.27.

Hedge Funds Weigh In On Banco Santander

Several institutional investors and hedge funds have recently bought and sold shares of SAN. Wilmington Savings Fund Society FSB bought a new position in shares of Banco Santander during the third quarter valued at about $45,000. Brookstone Capital Management bought a new position in Banco Santander during the 3rd quarter valued at approximately $54,000. AE Wealth Management LLC purchased a new stake in Banco Santander in the 2nd quarter worth approximately $50,000. Joel Isaacson & Co. LLC bought a new stake in shares of Banco Santander in the 3rd quarter worth approximately $55,000. Finally, Echo45 Advisors LLC bought a new position in shares of Banco Santander during the fourth quarter valued at approximately $53,000. 9.19% of the stock is currently owned by institutional investors.

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.