Reiterates "Buy" Rating for Banco Santander


Commerzbank Aktiengesellschaft FI reduced its position in shares of Banco Santander, S.A. (NYSE:SAN) by 95.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,053 shares of the company's stock after selling 708,329 shares during the period. The brokerage presently has a "buy" rating on the stock. Bank of New York Mellon Corp grew its position in shares of Banco Santander by 22.6% in the 3rd quarter. GFS Advisors LLC grew its position in shares of Banco Santander by 16.4% in the 3rd quarter. Jarislowsky Fraser Ltd raised its stake in shares of Banco Santander, by 44.4% in the second quarter. Comerica Bank now owns 902,312 shares of the bank's stock worth $6,072,000 after buying an additional 73,671 shares during the last quarter. Kepler Cheuvreux downgraded Banco Santander, S.A. (NYSE:SAN) on Friday, July 31 to "Hold" rating. 3,550,000 shares of the stock traded hands, compared to its average volume of 3,690,000. Banco Santander has a fifty-two week low of €4.85 ($5.77) and a fifty-two week high of €6.25 ($7.44). (NYSE:SAN) opened at 5.62 on Friday. The stock has a market cap of $109,460.00, a PE ratio of 11.87, a P/E/G ratio of 1.27 and a beta of 1.40.

According to Zacks, "Banco Santander SA is the biggest bank in Spain and the biggest global bank in Latin America as well". This represents a $0.23 dividend on an annualized basis and a yield of 4.17%.

A number of analysts recently commented on the stock. Citigroup reaffirmed a "neutral" rating on shares of Banco Santander in a research report on Monday, September 25th. Goldman Sachs Group Inc restated a "buy" rating on shares of Banco Santander, in a research report on Tuesday, December 6th.

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Banco Santander (BME:SAN) has been assigned a €6.35 ($7.56) target price by investment analysts at UBS Group in a research report issued on Thursday. Finally, BNP Paribas lowered shares of Banco Santander, from an "outperform" rating to an "underperform" rating in a research report on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of "Buy" and an average target price of $13.15.

Banco Santander, S.A., together with its subsidiaries, provides various retail and commercial banking services and products for individual and corporate clients worldwide. The firm offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages and auto finance, personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States.


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