Simon Quick Advisors LLC Buys 2,393 Shares of Banco Santander, S.A. (NYSE:SAN)

Simon Quick Advisors LLC boosted its stake in Banco Santander, S.A. (NYSE:SAN) by 23.3% in the fourth quarter, HoldingsChannel reports. The firm owned 12,665 shares of the bank’s stock after acquiring an additional 2,393 shares during the period. Simon Quick Advisors LLC’s holdings in Banco Santander were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SAN. Riversedge Advisors LLC increased its position in Banco Santander by 14.3% during the fourth quarter. Riversedge Advisors LLC now owns 17,220 shares of the bank’s stock valued at $79,000 after acquiring an additional 2,148 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Banco Santander by 22.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 12,722 shares of the bank’s stock worth $59,000 after purchasing an additional 2,303 shares during the period. Kathmere Capital Management LLC boosted its holdings in shares of Banco Santander by 4.9% in 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 last quarter. Atomi Financial Group Inc. increased its holdings in Banco Santander by 1.6% during the third quarter. Atomi Financial Group Inc. now owns 151,930 shares of the bank’s stock valued at $775,000 after buying an additional 2,392 shares during the last quarter. Finally, Fiduciary Financial Group LLC raised its position in Banco Santander by 15.0% in the fourth quarter. Fiduciary Financial Group LLC now owns 18,882 shares of the bank’s stock worth $87,000 after acquiring an additional 2,461 shares during the period. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Stock Performance

Shares of NYSE SAN opened at $5.08 on Friday. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23. Banco Santander, S.A. has a 1 year low of $3.83 and a 1 year high of $5.27. The firm has a fifty day moving average price of $4.70 and a 200-day moving average price of $4.80. The stock has a market cap of $80.31 billion, a PE ratio of 6.34, a price-to-earnings-growth ratio of 0.59 and a beta of 1.11.

Analysts Set New Price Targets

Several research firms have recently commented on SAN. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. StockNews.com downgraded Banco Santander from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.