Riversedge Advisors LLC Raises Stock Position in Banco Santander, S.A. (NYSE:SAN)

Riversedge Advisors LLC grew its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 14.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,220 shares of the bank’s stock after buying an additional 2,148 shares during the quarter. Riversedge Advisors LLC’s holdings in Banco Santander were worth $79,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SAN. Wilmington Savings Fund Society FSB purchased a new position in Banco Santander during the third quarter worth $45,000. AE Wealth Management LLC bought a new stake in shares of Banco Santander in the 2nd quarter worth about $50,000. Groupama Asset Managment bought a new position in Banco Santander during the 3rd quarter valued at about $53,000. Brookstone Capital Management purchased a new stake in Banco Santander in the 3rd quarter worth about $54,000. Finally, Joel Isaacson & Co. LLC bought a new stake in Banco Santander in the third quarter worth about $55,000. Institutional investors own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SAN shares. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th.

Banco Santander Price Performance

Banco Santander stock opened at $4.91 on Friday. The stock has a market cap of $77.62 billion, a price-to-earnings ratio of 6.13, a price-to-earnings-growth ratio of 0.40 and a beta of 1.11. The firm has a 50-day moving average of $4.68 and a two-hundred day moving average of $4.79. Banco Santander, S.A. has a 1 year low of $3.83 and a 1 year 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 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.