Traveka Wealth LLC Makes New $171,000 Investment in Banco Santander, S.A. (NYSE:SAN)

Traveka Wealth LLC purchased a new stake in shares of Banco Santander, S.A. (NYSE:SAN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,514 shares of the bank’s stock, valued at approximately $171,000.

Several other institutional investors have also recently bought and sold shares of SAN. Wilmington Savings Fund Society FSB bought a new position in Banco Santander in the 3rd quarter valued at $45,000. Brookstone Capital Management bought a new position in Banco Santander in the third quarter valued at about $54,000. AE Wealth Management LLC acquired a new stake in Banco Santander in the second quarter worth about $50,000. Joel Isaacson & Co. LLC bought a new stake in Banco Santander during the 3rd quarter worth about $55,000. Finally, Quantinno Capital Management LP acquired a new position in Banco Santander during the 3rd quarter valued at about $60,000. Institutional investors own 9.19% of the company’s stock.

Analysts Set New Price Targets

SAN has been the subject of a number of recent research reports. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th.

Banco Santander Stock Performance

Shares of NYSE:SAN opened at $4.65 on Tuesday. The firm’s 50 day simple moving average is $4.68 and its 200 day simple moving average is $4.79. Banco Santander, S.A. has a fifty-two week low of $3.83 and a fifty-two week high of $5.27. The company has a market capitalization of $73.59 billion, a price-to-earnings ratio of 5.81, a P/E/G ratio of 0.46 and a beta of 1.11. 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.