Barclays PLC Sells 61,150 Shares of Banco Santander, S.A. (NYSE:SAN)

Barclays PLC lessened its stake in Banco Santander, S.A. (NYSE:SAN) by 26.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 174,204 shares of the bank’s stock after selling 61,150 shares during the period. Barclays PLC’s holdings in Banco Santander were worth $889,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC grew its holdings in shares of Banco Santander by 1.4% during the 3rd quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock worth $732,284,000 after purchasing an additional 2,011,150 shares in the last quarter. FMR LLC boosted its stake in Banco Santander by 33.9% during the third quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock worth $106,558,000 after buying an additional 5,290,236 shares in the last quarter. Groupama Asset Managment bought a new stake in Banco Santander in the 3rd quarter valued at $53,000. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Banco Santander by 5.0% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 5,066,760 shares of the bank’s stock worth $23,459,000 after acquiring an additional 242,000 shares during the period. Finally, Chevy Chase Trust Holdings LLC acquired a new stake in shares of Banco Santander during the 3rd quarter valued at about $22,500,000. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Price Performance

Shares of Banco Santander stock opened at $4.80 on Wednesday. The stock has a market capitalization of $75.96 billion, a price-to-earnings ratio of 6.00, a P/E/G ratio of 0.46 and a beta of 1.11. 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 1-year low of $3.83 and a 1-year high of $5.27. The firm’s 50-day moving average price is $4.68 and its two-hundred day moving average price is $4.79.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th.

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.