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

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

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

Banco Santander Stock Performance

Shares of SAN stock traded up $0.06 during trading on Tuesday, reaching $4.95. 3,512,724 shares of the company’s stock traded hands, compared to its average volume of 3,110,260. The firm’s 50-day moving average is $4.69 and its 200 day moving average is $4.80. The company has a market capitalization of $78.26 billion, a P/E ratio of 6.18, a PEG ratio of 0.43 and a beta of 1.11. Banco Santander has a 1 year low of $3.83 and a 1 year 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.

Institutional Inflows and Outflows

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