GAMMA Investing LLC Has $150,000 Stock Holdings in Banco Santander, S.A. (NYSE:SAN)

GAMMA Investing LLC increased its position in Banco Santander, S.A. (NYSE:SAN) by 11.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,970 shares of the bank’s stock after buying an additional 3,505 shares during the quarter. GAMMA Investing LLC’s holdings in Banco Santander were worth $150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Banco Santander in the 3rd quarter worth approximately $45,000. Brookstone Capital Management acquired a new position in Banco Santander in the third quarter valued at $54,000. AE Wealth Management LLC bought a new stake in Banco Santander during the second quarter valued at $50,000. Joel Isaacson & Co. LLC bought a new position in shares of Banco Santander in the 3rd quarter worth about $55,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Banco Santander in the 3rd quarter valued at about $60,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Stock Down 0.6 %

SAN stock opened at $4.66 on Friday. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33. Banco Santander, S.A. has a fifty-two week low of $3.83 and a fifty-two week high of $5.27. The stock’s 50 day simple moving average is $4.70 and its 200 day simple moving average is $4.79. The company has a market cap of $73.75 billion, a P/E ratio of 5.83, a price-to-earnings-growth ratio of 0.46 and a beta of 1.11.

Analyst Upgrades and Downgrades

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

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.