Wedmont Private Capital Acquires 3,565 Shares of Banco Santander, S.A. (NYSE:SAN)

Wedmont Private Capital raised its holdings in Banco Santander, S.A. (NYSE:SAN) by 11.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,884 shares of the bank’s stock after buying an additional 3,565 shares during the period. Wedmont Private Capital’s holdings in Banco Santander were worth $161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SAN. Wilmington Savings Fund Society FSB acquired a new stake in shares of Banco Santander in the 3rd quarter worth about $45,000. AE Wealth Management LLC purchased a new stake in shares of Banco Santander in the second quarter worth approximately $50,000. Groupama Asset Managment bought a new position in shares of Banco Santander in the third quarter valued at approximately $53,000. Brookstone Capital Management purchased a new position in shares of Banco Santander during the third quarter valued at approximately $54,000. Finally, Joel Isaacson & Co. LLC bought a new stake in Banco Santander during the third quarter worth $55,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SAN has been the topic of several recent analyst reports. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. StockNews.com raised 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 SAN opened at $4.91 on Friday. The stock has a 50 day moving average of $4.68 and a 200 day moving average of $4.79. The company has a market capitalization of $77.62 billion, a price-to-earnings ratio of 6.13, a PEG ratio of 0.40 and a beta of 1.11. Banco Santander, S.A. has a 12 month low of $3.83 and a 12 month high of $5.27. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08.

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.