Advisors Preferred LLC purchased a new position in Banco Santander, S.A. (NYSE:SAN – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 8,256 shares of the bank’s stock, valued at approximately $37,000.
Several other institutional investors also recently modified their holdings of SAN. R Squared Ltd bought a new position in shares of Banco Santander in the 4th quarter worth about $27,000. Wilmington Savings Fund Society FSB bought a new position in shares of Banco Santander in the 3rd quarter worth about $45,000. Groupama Asset Managment bought a new position in shares of Banco Santander in the 3rd quarter worth about $53,000. Echo45 Advisors LLC purchased a new stake in Banco Santander during the 4th quarter valued at about $53,000. Finally, Brookstone Capital Management purchased a new stake in Banco Santander during the 3rd quarter valued at about $54,000. 9.19% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently commented on SAN shares. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th.
Banco Santander Stock Performance
SAN opened at $5.64 on Friday. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. The company has a market cap of $89.18 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 0.73 and a beta of 1.12. The company’s 50 day moving average is $4.83 and its 200 day moving average is $4.83. Banco Santander, S.A. has a 12-month low of $3.87 and a 12-month high of $5.82.
Banco Santander (NYSE:SAN – Get Free Report) last released its earnings results on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. On average, equities research analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current year.
About Banco Santander
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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