Banco Santander (NYSE:SAN) Upgraded at StockNews.com

Banco Santander (NYSE:SAN) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th.

Banco Santander Price Performance

SAN stock opened at $4.74 on Friday. Banco Santander has a 12-month low of $3.78 and a 12-month high of $5.27. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08. The firm’s 50-day moving average price is $4.95 and its two-hundred day moving average price is $4.89. The stock has a market capitalization of $75.01 billion, a price-to-earnings ratio of 5.93, a PEG ratio of 0.46 and a beta of 1.14.

Hedge Funds Weigh In On Banco Santander

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. increased its position in shares of Banco Santander by 13.6% during the third quarter. Advisors Asset Management Inc. now owns 97,264 shares of the bank’s stock valued at $496,000 after buying an additional 11,608 shares during the period. West Family Investments Inc. boosted its stake in Banco Santander by 35.4% during the third quarter. West Family Investments Inc. now owns 38,575 shares of the bank’s stock worth $197,000 after acquiring an additional 10,076 shares in the last quarter. Caprock Group LLC boosted its stake in Banco Santander by 14.3% during the third quarter. Caprock Group LLC now owns 176,023 shares of the bank’s stock worth $898,000 after acquiring an additional 21,997 shares in the last quarter. Pathstone Holdings LLC boosted its stake in Banco Santander by 1.7% during the third quarter. Pathstone Holdings LLC now owns 770,092 shares of the bank’s stock worth $3,927,000 after acquiring an additional 12,659 shares in the last quarter. Finally, Baron Wealth Management LLC boosted its stake in Banco Santander by 19.1% during the third quarter. Baron Wealth Management LLC now owns 35,456 shares of the bank’s stock worth $181,000 after acquiring an additional 5,683 shares in the last quarter. Hedge funds and other institutional investors 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.