Banco Santander (NYSE:SAN) Stock Rating Lowered by StockNews.com

Banco Santander (NYSE:SAN) was downgraded by 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 Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th.

Banco Santander Trading Down 1.9 %

NYSE SAN opened at $4.86 on Tuesday. Banco Santander has a twelve month low of $3.83 and a twelve month high of $5.27. The business’s fifty day moving average is $4.69 and its 200 day moving average is $4.80. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08. The company has a market cap of $76.83 billion, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Banco Santander in the third quarter valued at about $45,000. AE Wealth Management LLC acquired a new stake in Banco Santander during the 2nd quarter valued at approximately $50,000. Groupama Asset Managment bought a new position in Banco Santander during the 3rd quarter worth approximately $53,000. Echo45 Advisors LLC acquired a new position in shares of Banco Santander in the 4th quarter worth approximately $53,000. Finally, Brookstone Capital Management acquired a new stake in shares of Banco Santander during the third quarter worth $54,000. 9.19% of the stock is 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.