Ritholtz Wealth Management Boosts Stock Position in Banco Santander, S.A. (NYSE:SAN)

Ritholtz Wealth Management boosted its position in shares of Banco Santander, S.A. (NYSE:SAN) by 14.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 423,105 shares of the bank’s stock after buying an additional 53,745 shares during the quarter. Ritholtz Wealth Management’s holdings in Banco Santander were worth $1,929,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its stake in Banco Santander by 23.3% during the fourth quarter. Park Avenue Securities LLC now owns 154,297 shares of the bank’s stock worth $704,000 after buying an additional 29,174 shares during the period. Kathmere Capital Management LLC boosted its stake in Banco Santander by 4.9% during the fourth quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank’s stock worth $228,000 after buying an additional 2,320 shares during the period. Fiduciary Financial Group LLC boosted its stake in Banco Santander by 15.0% during the fourth quarter. Fiduciary Financial Group LLC now owns 18,882 shares of the bank’s stock worth $87,000 after buying an additional 2,461 shares during the period. Traveka Wealth LLC purchased a new position in Banco Santander during the fourth quarter worth $171,000. Finally, PFW Advisors LLC purchased a new position in Banco Santander during the fourth quarter worth $136,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Stock Up 0.3 %

NYSE:SAN opened at $4.91 on Friday. Banco Santander, S.A. has a twelve month low of $3.83 and a twelve month high of $5.27. The company 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 stock has a fifty day simple moving average of $4.68 and a 200-day simple moving average of $4.79. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08.

Analysts Set New Price Targets

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

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.