Orca Wealth Management LLC bought a new stake in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 63,955 shares of the bank's stock, valued at approximately $292,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of SAN. Blue Trust Inc. increased its holdings in shares of Banco Santander by 65.6% in the fourth quarter. Blue Trust Inc. now owns 174,795 shares of the bank's stock worth $797,000 after purchasing an additional 69,215 shares during the period. Requisite Capital Management LLC bought a new position in Banco Santander in the 4th quarter worth about $407,000. DGS Capital Management LLC raised its holdings in shares of Banco Santander by 4.2% in the 4th quarter. DGS Capital Management LLC now owns 143,901 shares of the bank's stock valued at $656,000 after acquiring an additional 5,763 shares in the last quarter. Echo45 Advisors LLC purchased a new position in shares of Banco Santander during the fourth quarter worth about $53,000. Finally, Simon Quick Advisors LLC increased its position in shares of Banco Santander by 23.3% in the fourth quarter. Simon Quick Advisors LLC now owns 12,665 shares of the bank's stock worth $58,000 after purchasing an additional 2,393 shares during the last quarter. 9.19% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have commented on SAN. StockNews.com cut shares of Banco Santander from a "buy" rating to a "hold" rating in a research note on Tuesday, January 21st. Morgan Stanley raised Banco Santander from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, November 26th.
View Our Latest Stock Analysis on SAN
Banco Santander Trading Down 2.4 %
Shares of SAN traded down $0.13 during mid-day trading on Friday, reaching $5.08. The company's stock had a trading volume of 2,919,211 shares, compared to its average volume of 2,900,133. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08. Banco Santander, S.A. has a 52 week low of $3.87 and a 52 week high of $5.27. The company's fifty day moving average price is $4.75 and its two-hundred day moving average price is $4.81. The stock has a market cap of $80.31 billion, a PE ratio of 6.34, a P/E/G ratio of 0.63 and a beta of 1.11.
Banco Santander Profile
(
Free Report)
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.
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