Strategic Financial Concepts LLC Invests $62,000 in Banco Santander, S.A. (NYSE:SAN)

Strategic Financial Concepts LLC bought a new position in shares of Banco Santander, S.A. (NYSE:SAN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,670 shares of the bank’s stock, valued at approximately $62,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fisher Asset Management LLC boosted its position 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 valued at $732,284,000 after purchasing an additional 2,011,150 shares in the last quarter. FMR LLC boosted its holdings 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 acquired a new position in Banco Santander in the third quarter worth approximately $53,000. Chevy Chase Trust Holdings LLC bought a new position in shares of Banco Santander in the third quarter valued at $22,500,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Banco Santander by 55.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,301,711 shares of the bank’s stock valued at $16,839,000 after acquiring an additional 1,178,449 shares during the last quarter. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Trading Up 2.1 %

Banco Santander stock opened at $5.95 on Thursday. The company has a 50 day moving average price of $4.87 and a 200 day moving average price of $4.84. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. Banco Santander, S.A. has a 52 week low of $3.87 and a 52 week high of $5.98. The firm has a market capitalization of $94.16 billion, a price-to-earnings ratio of 7.17, a P/E/G ratio of 0.73 and a beta of 1.12.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. Research analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SAN. Morgan Stanley upgraded 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, February 6th.

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.