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

StockNews.com lowered shares of Banco Santander (NYSE:SAN) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

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 Stock Up 1.1 %

NYSE:SAN opened at $4.95 on Tuesday. Banco Santander has a 1-year low of $3.83 and a 1-year high of $5.27. The firm has a market capitalization of $78.26 billion, a price-to-earnings ratio of 6.18, a PEG ratio of 0.43 and a beta of 1.11. 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 business’s fifty day moving average price is $4.69 and its 200 day moving average price is $4.80.

Institutional Trading of Banco Santander

Several large investors have recently made changes to their positions in SAN. Creative Planning grew its holdings in Banco Santander by 13.5% during the third quarter. Creative Planning now owns 1,341,733 shares of the bank’s stock valued at $6,843,000 after purchasing an additional 159,610 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Banco Santander by 111.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 706,184 shares of the bank’s stock worth $3,602,000 after acquiring an additional 372,690 shares during the period. FMR LLC lifted its position in Banco Santander by 33.9% during the 3rd quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock worth $106,558,000 after acquiring an additional 5,290,236 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Banco Santander by 143.0% in the third quarter. HighTower Advisors LLC now owns 345,524 shares of the bank’s stock valued at $1,757,000 after purchasing an additional 203,322 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Banco Santander by 47.4% in the third quarter. Cerity Partners LLC now owns 668,343 shares of the bank’s stock worth $3,409,000 after purchasing an additional 214,868 shares during the period. 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.