PFW Advisors LLC Acquires New Holdings in Banco Santander, S.A. (NYSE:SAN)

PFW Advisors LLC bought a new position in Banco Santander, S.A. (NYSE:SAN) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 29,789 shares of the bank’s stock, valued at approximately $136,000.

A number of other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in Banco Santander by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 569,528 shares of the bank’s stock worth $2,637,000 after purchasing an additional 23,271 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Banco Santander by 9.2% in the second quarter. Commonwealth Equity Services LLC now owns 121,593 shares of the bank’s stock valued at $563,000 after buying an additional 10,252 shares during the last quarter. Rhumbline Advisers boosted its holdings in Banco Santander by 1.2% in the second quarter. Rhumbline Advisers now owns 375,998 shares of the bank’s stock worth $1,741,000 after acquiring an additional 4,347 shares in the last quarter. Choreo LLC acquired a new position in shares of Banco Santander during the second quarter valued at about $371,000. Finally, American Century Companies Inc. boosted its stake in Banco Santander by 6.2% in the 2nd quarter. American Century Companies Inc. now owns 3,091,293 shares of the bank’s stock worth $14,313,000 after purchasing an additional 181,558 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Banco Santander Stock Performance

Shares of SAN stock traded up $0.03 during trading hours on Monday, hitting $4.65. The company’s stock had a trading volume of 2,640,273 shares, compared to its average volume of 3,349,296. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08. The company has a 50 day moving average of $4.69 and a 200 day moving average of $4.79. Banco Santander, S.A. has a 12-month low of $3.83 and a 12-month high of $5.27. The stock has a market cap of $73.59 billion, a PE ratio of 5.81, a price-to-earnings-growth ratio of 0.46 and a beta of 1.11.

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.