HB Wealth Management LLC Has $74,000 Holdings in Banco Santander, S.A. (NYSE:SAN)

HB Wealth Management LLC lowered its holdings in Banco Santander, S.A. (NYSE:SAN) by 25.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,282 shares of the bank’s stock after selling 5,587 shares during the period. HB Wealth Management LLC’s holdings in Banco Santander were worth $74,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AE Wealth Management LLC bought a new stake in shares of Banco Santander during the 2nd quarter valued at $50,000. Sei Investments Co. increased its stake in shares of Banco Santander by 4.4% in the 2nd quarter. Sei Investments Co. now owns 493,836 shares of the bank’s stock valued at $2,286,000 after purchasing an additional 20,897 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Banco Santander by 80.5% during the 2nd quarter. Bank of Montreal Can now owns 177,311 shares of the bank’s stock worth $830,000 after buying an additional 79,063 shares in the last quarter. Xponance Inc. lifted its position in shares of Banco Santander by 23.1% during the 2nd quarter. Xponance Inc. now owns 24,184 shares of the bank’s stock worth $112,000 after buying an additional 4,532 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Banco Santander by 26.9% in the second quarter. AQR Capital Management LLC now owns 165,272 shares of the bank’s stock valued at $765,000 after acquiring an additional 35,026 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Stock Up 0.5 %

Shares of NYSE:SAN opened at $5.08 on Friday. The business has a fifty day simple moving average of $4.71 and a 200 day simple 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 firm has a market cap of $80.31 billion, a P/E ratio of 6.34, a P/E/G ratio of 0.59 and a beta of 1.11. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SAN. StockNews.com lowered shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th.

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.