Lockheed Martin Investment Management Co. Has $2.54 Million Stake in Banco Santander, S.A. (NYSE:SAN)

Lockheed Martin Investment Management Co. increased its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 197.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 557,390 shares of the bank’s stock after buying an additional 369,700 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Banco Santander were worth $2,542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. R Squared Ltd bought a new stake in shares of Banco Santander in the 4th quarter valued at approximately $27,000. Wilmington Savings Fund Society FSB bought a new stake in Banco Santander in the third quarter worth approximately $45,000. Brookstone Capital Management acquired a new position in shares of Banco Santander during the 3rd quarter worth $54,000. Joel Isaacson & Co. LLC bought a new position in shares of Banco Santander during the 3rd quarter valued at $55,000. Finally, Echo45 Advisors LLC acquired a new stake in shares of Banco Santander in the 4th quarter valued at $53,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SAN has been the topic of several recent research reports. StockNews.com lowered Banco Santander from a “buy” rating to a “hold” rating in a report on Tuesday, January 21st. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th.

Banco Santander Price Performance

NYSE SAN opened at $5.14 on Wednesday. Banco Santander, S.A. has a 1 year low of $3.87 and a 1 year high of $5.27. The company has a fifty day simple moving average of $4.75 and a 200 day simple moving average of $4.81. 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 company has a market cap of $81.26 billion, a P/E ratio of 6.42, a P/E/G ratio of 0.62 and a beta of 1.12.

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.