Orca Wealth Management LLC Buys Shares of 63,955 Banco Santander, S.A. (NYSE:SAN)

Orca Wealth Management LLC acquired a new stake in shares of Banco Santander, S.A. (NYSE:SAN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 63,955 shares of the bank’s stock, valued at approximately $292,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Creative Planning boosted its stake in Banco Santander by 13.5% in the third quarter. Creative Planning now owns 1,341,733 shares of the bank’s stock valued at $6,843,000 after acquiring an additional 159,610 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Banco Santander by 111.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 706,184 shares of the bank’s stock worth $3,602,000 after purchasing an additional 372,690 shares in the last quarter. FMR LLC boosted its position in shares of Banco Santander by 33.9% in the 3rd quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock worth $106,558,000 after purchasing an additional 5,290,236 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Banco Santander by 143.0% in the 3rd quarter. HighTower Advisors LLC now owns 345,524 shares of the bank’s stock worth $1,757,000 after purchasing an additional 203,322 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in Banco Santander by 47.4% in the third quarter. Cerity Partners LLC now owns 668,343 shares of the bank’s stock worth $3,409,000 after acquiring an additional 214,868 shares in the last quarter. Institutional investors own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

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

Banco Santander Stock Performance

Shares of SAN stock opened at $5.11 on Wednesday. The stock has a market cap of $80.79 billion, a PE ratio of 6.38, a price-to-earnings-growth ratio of 0.59 and a beta of 1.11. Banco Santander, S.A. has a 52-week low of $3.83 and a 52-week high of $5.27. The business has a 50-day simple moving average of $4.71 and a 200-day simple moving average of $4.80. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08.

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.