Park Avenue Securities LLC Buys 29,174 Shares of Banco Santander, S.A. (NYSE:SAN)

Park Avenue Securities LLC boosted its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 23.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,297 shares of the bank’s stock after buying an additional 29,174 shares during the period. Park Avenue Securities LLC’s holdings in Banco Santander were worth $704,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SAN. B. Riley Wealth Advisors Inc. raised its position in shares of Banco Santander by 22.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 12,722 shares of the bank’s stock worth $59,000 after purchasing an additional 2,303 shares during the last quarter. Kathmere Capital Management LLC increased its stake in Banco Santander by 4.9% during the 4th quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank’s stock valued at $228,000 after purchasing an additional 2,320 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in Banco Santander by 1.6% in the third quarter. Atomi Financial Group Inc. now owns 151,930 shares of the bank’s stock worth $775,000 after buying an additional 2,392 shares during the last quarter. Fiduciary Financial Group LLC grew its holdings in shares of Banco Santander by 15.0% during the fourth quarter. Fiduciary Financial Group LLC now owns 18,882 shares of the bank’s stock valued at $87,000 after buying an additional 2,461 shares during the last quarter. Finally, Aprio Wealth Management LLC increased its position in shares of Banco Santander by 12.4% during the third quarter. Aprio Wealth Management LLC now owns 25,187 shares of the bank’s stock valued at $128,000 after acquiring an additional 2,782 shares in the last quarter. 9.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on SAN shares. StockNews.com downgraded Banco Santander from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th.

Banco Santander Stock Down 1.9 %

Shares of Banco Santander stock opened at $4.86 on Thursday. Banco Santander, S.A. has a twelve month low of $3.83 and a twelve month high of $5.27. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08. The company’s 50 day moving average is $4.69 and its 200 day moving average is $4.80. The company has a market cap of $76.83 billion, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11.

Banco Santander Company 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.