Morgan Stanley Upgrades Banco Santander (NYSE:SAN) to “Overweight”

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 to investors on Tuesday, MarketBeat Ratings reports.

A number of other equities research analysts also recently issued reports on the stock. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. StockNews.com cut shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

Banco Santander Stock Performance

NYSE:SAN opened at $4.63 on Tuesday. 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 fifty-two week low of $3.83 and a fifty-two week high of $5.27. The company has a market cap of $73.27 billion, a price-to-earnings ratio of 5.79, a PEG ratio of 0.44 and a beta of 1.14. The stock has a fifty day moving average price of $4.91 and a 200-day moving average price of $4.87.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rothschild Investment LLC bought a new stake in shares of Banco Santander during the 2nd quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB acquired a new stake in Banco Santander in the third quarter valued at approximately $45,000. Planned Solutions Inc. bought a new stake in shares of Banco Santander during the second quarter worth $47,000. AE Wealth Management LLC acquired a new position in shares of Banco Santander during the second quarter worth $50,000. Finally, Groupama Asset Managment acquired a new stake in shares of Banco Santander during the 3rd quarter valued at $53,000. 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.