Blue Trust Inc. Purchases 69,215 Shares of Banco Santander, S.A. (NYSE:SAN)

Blue Trust Inc. increased its position in Banco Santander, S.A. (NYSE:SAN - Free Report) by 65.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 174,795 shares of the bank's stock after purchasing an additional 69,215 shares during the quarter. Blue Trust Inc.'s holdings in Banco Santander were worth $797,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Sei Investments Co. grew its position in Banco Santander by 4.4% in the second quarter. Sei Investments Co. now owns 493,836 shares of the bank's stock valued at $2,286,000 after acquiring an additional 20,897 shares during the period. Bank of Montreal Can increased its position in shares of Banco Santander by 80.5% during the 2nd quarter. Bank of Montreal Can now owns 177,311 shares of the bank's stock worth $830,000 after purchasing an additional 79,063 shares in the last quarter. Xponance Inc. lifted its holdings in Banco Santander by 23.1% during the 2nd quarter. Xponance Inc. now owns 24,184 shares of the bank's stock valued at $112,000 after purchasing an additional 4,532 shares during the last quarter. AQR Capital Management LLC boosted its position in Banco Santander by 26.9% in the second quarter. AQR Capital Management LLC now owns 165,272 shares of the bank's stock valued at $765,000 after buying an additional 35,026 shares in the last quarter. Finally, Creative Planning grew its stake in Banco Santander by 8.7% during the second quarter. Creative Planning now owns 1,182,123 shares of the bank's stock worth $5,473,000 after buying an additional 94,152 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company's stock.

Banco Santander Price Performance

Shares of Banco Santander stock traded up $0.09 during midday trading on Thursday, reaching $5.23. The company had a trading volume of 1,693,684 shares, compared to its average volume of 3,139,888. The stock has a fifty day simple moving average of $4.73 and a 200 day simple moving average of $4.81. Banco Santander, S.A. has a 1-year low of $3.87 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. The company has a market capitalization of $82.69 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of 0.59 and a beta of 1.11.

Analysts Set New Price Targets

Several brokerages have recently commented on SAN. StockNews.com downgraded Banco Santander from a "buy" rating to a "hold" rating in a report on Tuesday, January 21st. Morgan Stanley upgraded Banco Santander from an "equal weight" rating to an "overweight" rating in a report on Tuesday, November 26th.

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.