Ritholtz Wealth Management Purchases 53,745 Shares of Banco Santander, S.A. (NYSE:SAN)

Ritholtz Wealth Management grew its stake in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 423,105 shares of the bank's stock after acquiring an additional 53,745 shares during the quarter. Ritholtz Wealth Management's holdings in Banco Santander were worth $1,929,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SAN. Wilmington Savings Fund Society FSB bought a new position in Banco Santander in the third quarter valued at approximately $45,000. AE Wealth Management LLC bought a new position in shares of Banco Santander in the 2nd quarter valued at $50,000. Groupama Asset Managment acquired a new position in shares of Banco Santander during the 3rd quarter worth $53,000. Brookstone Capital Management bought a new stake in shares of Banco Santander during the 3rd quarter worth $54,000. Finally, Joel Isaacson & Co. LLC acquired a new stake in Banco Santander in the third quarter valued at about $55,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SAN has been the subject of a number of research reports. Morgan Stanley raised shares of Banco Santander from an "equal weight" rating to an "overweight" rating in a report on Tuesday, November 26th. StockNews.com raised Banco Santander from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th.

Banco Santander Trading Up 0.3 %

Shares of SAN stock traded up $0.02 during trading hours on Friday, hitting $4.91. 1,891,173 shares of the company's stock traded hands, compared to its average volume of 2,849,688. 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, S.A. has a 12 month low of $3.83 and a 12 month high of $5.27. The stock has a market cap of $77.62 billion, a PE ratio of 6.13, a price-to-earnings-growth ratio of 0.40 and a beta of 1.11. The stock's 50 day simple moving average is $4.68 and its 200 day simple moving average is $4.80.

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.