Private Advisor Group LLC Boosts Holdings in Banco Santander, S.A. (NYSE:SAN)

Private Advisor Group LLC increased its position in Banco Santander, S.A. (NYSE:SAN) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,339 shares of the bank’s stock after acquiring an additional 3,707 shares during the period. Private Advisor Group LLC’s holdings in Banco Santander were worth $407,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SAN. Raymond James & Associates grew its stake in shares of Banco Santander by 2.1% during the 3rd quarter. Raymond James & Associates now owns 561,559 shares of the bank’s stock valued at $2,864,000 after purchasing an additional 11,449 shares during the period. US Bancorp DE increased its position in Banco Santander by 6.9% in the third quarter. US Bancorp DE now owns 438,070 shares of the bank’s stock worth $2,234,000 after buying an additional 28,350 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Banco Santander by 3.2% during the 3rd quarter. QRG Capital Management Inc. now owns 1,690,877 shares of the bank’s stock valued at $8,623,000 after acquiring an additional 53,039 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of Banco Santander by 11.5% in the third quarter. Verdence Capital Advisors LLC now owns 42,291 shares of the bank’s stock worth $216,000 after purchasing an additional 4,373 shares during the period. Finally, Atria Investments Inc boosted its holdings in Banco Santander by 50.5% in the 3rd quarter. Atria Investments Inc now owns 27,073 shares of the bank’s stock worth $138,000 after buying an additional 9,085 shares during the period. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SAN shares. Keefe, Bruyette & Woods raised Banco Santander from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 24th. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Banco Santander Stock Down 1.5 %

Shares of SAN opened at $6.38 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83. The business has a fifty day moving average of $5.30 and a 200 day moving average of $5.01. The company has a market cap of $96.60 billion, a PE ratio of 7.68, a P/E/G ratio of 0.77 and a beta of 1.12. Banco Santander, S.A. has a 52-week low of $4.12 and a 52-week high of $6.60.

Banco Santander (NYSE:SAN) last announced its earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. On average, sell-side analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current year.

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.