Sierra Ocean LLC Invests $32,000 in Banco Santander, S.A. (NYSE:SAN)

Sierra Ocean LLC acquired a new position in shares of Banco Santander, S.A. (NYSE:SAN) during the 4th quarter, Holdings Channel reports. The firm acquired 6,978 shares of the bank’s stock, valued at approximately $32,000.

Other institutional investors also recently modified their holdings of the company. Creative Planning increased its stake in shares of Banco Santander by 13.5% during the 3rd quarter. Creative Planning now owns 1,341,733 shares of the bank’s stock worth $6,843,000 after purchasing an additional 159,610 shares during the last quarter. Lockheed Martin Investment Management Co. increased its stake in shares of Banco Santander by 197.0% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 557,390 shares of the bank’s stock worth $2,542,000 after purchasing an additional 369,700 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Banco Santander by 111.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 706,184 shares of the bank’s stock worth $3,602,000 after purchasing an additional 372,690 shares during the last quarter. FMR LLC increased its stake in shares of Banco Santander by 33.9% during the 3rd quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock worth $106,558,000 after purchasing an additional 5,290,236 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Banco Santander by 143.0% during the 3rd quarter. HighTower Advisors LLC now owns 345,524 shares of the bank’s stock worth $1,757,000 after purchasing an additional 203,322 shares during the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Stock Up 1.2 %

Shares of SAN opened at $6.10 on Wednesday. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. The firm has a market cap of $96.46 billion, a P/E ratio of 7.34, a price-to-earnings-growth ratio of 0.73 and a beta of 1.12. Banco Santander, S.A. has a 52 week low of $4.03 and a 52 week high of $6.19. The firm’s 50-day simple moving average is $4.96 and its 200 day simple moving average is $4.88.

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

Wall Street Analyst Weigh In

A number of research analysts 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 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 lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Banco Santander presently 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.