Echo45 Advisors LLC Invests $53,000 in Banco Santander, S.A. (NYSE:SAN)

Echo45 Advisors LLC purchased a new position in shares of Banco Santander, S.A. (NYSE:SAN) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 11,712 shares of the bank’s stock, valued at approximately $53,000.

Other large investors have also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its stake in Banco Santander by 1.4% during the third quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock worth $732,284,000 after buying an additional 2,011,150 shares in the last quarter. FMR LLC increased its stake in Banco Santander by 33.9% in the third quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock valued at $106,558,000 after acquiring an additional 5,290,236 shares during the period. Groupama Asset Managment bought a new position in Banco Santander during the third quarter worth about $53,000. Teachers Retirement System of The State of Kentucky boosted its holdings in Banco Santander by 5.0% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 5,066,760 shares of the bank’s stock valued at $23,459,000 after purchasing an additional 242,000 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC acquired a new position in shares of Banco Santander in the 3rd quarter worth approximately $22,500,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Banco Santander Price Performance

Banco Santander stock opened at $4.86 on Thursday. The business’s 50-day simple moving average is $4.70 and its 200 day simple moving average is $4.80. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08. The stock has a market cap of $76.83 billion, a price-to-earnings ratio of 6.07, a P/E/G ratio of 0.60 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.

About Banco Santander

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.