First Affirmative Financial Network Raises Holdings in Banco Santander, S.A. (NYSE:SAN)

First Affirmative Financial Network boosted its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 32.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,577 shares of the bank’s stock after acquiring an additional 5,325 shares during the quarter. First Affirmative Financial Network’s holdings in Banco Santander were worth $98,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SAN. Riversedge Advisors LLC lifted its stake in shares of Banco Santander by 14.3% in the 4th quarter. Riversedge Advisors LLC now owns 17,220 shares of the bank’s stock valued at $79,000 after purchasing an additional 2,148 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of Banco Santander by 22.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 12,722 shares of the bank’s stock worth $59,000 after acquiring an additional 2,303 shares during the period. Kathmere Capital Management LLC boosted its stake in shares of Banco Santander by 4.9% during the 4th quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank’s stock worth $228,000 after acquiring an additional 2,320 shares in the last quarter. Atomi Financial Group Inc. increased its stake in shares of Banco Santander by 1.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 151,930 shares of the bank’s stock valued at $775,000 after purchasing an additional 2,392 shares in the last quarter. Finally, Simon Quick Advisors LLC raised its holdings in Banco Santander by 23.3% in the 4th quarter. Simon Quick Advisors LLC now owns 12,665 shares of the bank’s stock worth $58,000 after purchasing an additional 2,393 shares during the period. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Banco Santander Price Performance

Shares of Banco Santander stock opened at $5.19 on Friday. The stock has a market capitalization of $82.06 billion, a P/E ratio of 6.48, a PEG ratio of 0.63 and a beta of 1.11. The business has a 50 day simple moving average of $4.73 and a two-hundred day simple moving average of $4.81. Banco Santander, S.A. has a 12 month low of $3.87 and a 12 month high of $5.27. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23.

Banco Santander 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.