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

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

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 Trading Down 0.4 %

Shares of Banco Santander stock opened at $4.74 on Wednesday. The stock has a market capitalization of $75.01 billion, a P/E ratio of 5.93, a price-to-earnings-growth ratio of 0.45 and a beta of 1.14. The company has a 50-day simple moving average of $4.94 and a 200 day simple moving average of $4.88. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08. Banco Santander has a 12-month low of $3.83 and a 12-month high of $5.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Groupama Asset Managment bought a new position in Banco Santander during the 3rd quarter worth approximately $53,000. FMR LLC raised its holdings in Banco Santander by 33.9% during the third 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 in the last quarter. Chevy Chase Trust Holdings LLC bought a new position in shares of Banco Santander in the third quarter valued at $22,500,000. Fisher Asset Management LLC increased its stake in shares of Banco Santander by 1.4% during the 3rd quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock worth $732,284,000 after purchasing an additional 2,011,150 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in Banco Santander by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock valued at $23,352,000 after buying an additional 834,200 shares during the period. 9.19% of the stock is currently owned by institutional investors.

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.