Barclays PLC Reduces Position in Banco Santander, S.A. (NYSE:SAN)

Barclays PLC lessened its position in shares of Banco Santander, S.A. (NYSE:SAN) by 26.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 174,204 shares of the bank’s stock after selling 61,150 shares during the quarter. Barclays PLC’s holdings in Banco Santander were worth $889,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new position in shares of Banco Santander in the 2nd quarter valued at approximately $33,000. Brookstone Capital Management purchased a new position in shares of Banco Santander in the 3rd quarter valued at approximately $54,000. AE Wealth Management LLC purchased a new position in shares of Banco Santander in the 2nd quarter valued at approximately $50,000. Joel Isaacson & Co. LLC purchased a new position in shares of Banco Santander in the 3rd quarter valued at approximately $55,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Banco Santander in the 3rd quarter valued at approximately $60,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analysts Set New Price Targets

SAN has been the topic of several analyst reports. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. Finally, UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th.

Banco Santander Trading Up 1.1 %

Shares of Banco Santander stock opened at $4.54 on Tuesday. The company has a 50-day moving average of $4.75 and a two-hundred day moving average of $4.80. Banco Santander, S.A. has a 12-month low of $3.83 and a 12-month high of $5.27. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08. The stock has a market cap of $71.85 billion, a PE ratio of 5.68, a price-to-earnings-growth ratio of 0.46 and a beta of 1.12.

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.