Accuvest Global Advisors Buys New Stake in Banco Santander, S.A. (NYSE:SAN)

Accuvest Global Advisors bought a new stake in Banco Santander, S.A. (NYSE:SAN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,016 shares of the bank’s stock, valued at approximately $64,000. Banco Santander accounts for about 0.1% of Accuvest Global Advisors’ portfolio, making the stock its 19th biggest position.

Several other large investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. grew its stake in Banco Santander by 13.4% during the fourth quarter. Principal Securities Inc. now owns 17,230 shares of the bank’s stock worth $79,000 after buying an additional 2,032 shares during the last quarter. Riversedge Advisors LLC grew its stake in Banco Santander by 14.3% during the fourth quarter. Riversedge Advisors LLC now owns 17,220 shares of the bank’s stock worth $79,000 after buying an additional 2,148 shares during the last quarter. Kathmere Capital Management LLC grew its stake in shares of Banco Santander by 4.9% during the fourth quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank’s stock valued at $228,000 after purchasing an additional 2,320 shares during the last quarter. OLD National Bancorp IN grew its stake in shares of Banco Santander by 7.6% during the fourth quarter. OLD National Bancorp IN now owns 33,952 shares of the bank’s stock valued at $155,000 after purchasing an additional 2,392 shares during the last quarter. Finally, Simon Quick Advisors LLC grew its stake in shares of Banco Santander by 23.3% during the fourth quarter. Simon Quick Advisors LLC now owns 12,665 shares of the bank’s stock valued at $58,000 after purchasing an additional 2,393 shares during the last quarter. 9.19% of the stock is owned by institutional investors.

Banco Santander Trading Up 1.2 %

Shares of NYSE SAN opened at $6.10 on Wednesday. The company’s 50 day simple moving average is $4.99 and its 200 day simple moving average is $4.89. Banco Santander, S.A. has a fifty-two week low of $4.03 and a fifty-two week high of $6.19. The firm has a market capitalization of $96.46 billion, a P/E ratio of 7.34, a P/E/G ratio of 0.77 and a beta of 1.12. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23.

Banco Santander (NYSE:SAN) last posted its earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. On average, analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on SAN. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

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.