Lockheed Martin Investment Management Co. Raises Stake in Banco Santander, S.A. (NYSE:SAN)

Lockheed Martin Investment Management Co. grew its holdings in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 197.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 557,390 shares of the bank's stock after purchasing an additional 369,700 shares during the period. Lockheed Martin Investment Management Co.'s holdings in Banco Santander were worth $2,542,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in Banco Santander in the 4th quarter worth about $27,000. Wilmington Savings Fund Society FSB purchased a new stake in Banco Santander during the third quarter valued at $45,000. Brookstone Capital Management purchased a new position in Banco Santander in the third quarter worth about $54,000. Joel Isaacson & Co. LLC purchased a new stake in shares of Banco Santander during the 3rd quarter valued at about $55,000. Finally, Echo45 Advisors LLC bought a new position in Banco Santander in the fourth quarter worth approximately $53,000. 9.19% of the stock is owned by institutional investors.

Banco Santander Price Performance

Shares of NYSE SAN traded up $0.51 during mid-day trading on Wednesday, reaching $5.64. The company's stock had a trading volume of 7,357,215 shares, compared to its average volume of 3,363,653. The stock has a fifty day moving average of $4.76 and a two-hundred day moving average of $4.82. The firm has a market capitalization of $89.18 billion, a PE ratio of 7.04, a P/E/G ratio of 0.62 and a beta of 1.12. Banco Santander, S.A. has a 52 week low of $3.87 and a 52 week high of $5.64. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23.

Banco Santander (NYSE:SAN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The bank reported $0.21 earnings per share for the quarter, meeting analysts' consensus estimates of $0.21. Banco Santander had a return on equity of 11.70% and a net margin of 15.76%. As a group, sell-side analysts anticipate that Banco Santander, S.A. will post 0.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SAN. Morgan Stanley raised Banco Santander from an "equal weight" rating to an "overweight" rating in a report on Tuesday, November 26th. StockNews.com cut shares of Banco Santander from a "buy" rating to a "hold" rating in a research note on Tuesday, January 21st.

Banco Santander 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.