Callan Family Office LLC Purchases New Stake in Banco Santander, S.A. (NYSE:SAN)

Callan Family Office LLC purchased a new stake in Banco Santander, S.A. (NYSE:SAN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 195,466 shares of the bank’s stock, valued at approximately $891,000.

Several other hedge funds have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in Banco Santander during the fourth quarter worth about $27,000. Sierra Ocean LLC bought a new position in Banco Santander during the fourth quarter worth about $32,000. Advisors Preferred LLC bought a new position in Banco Santander during the fourth quarter worth about $37,000. Wilmington Savings Fund Society FSB bought a new position in Banco Santander during the third quarter worth about $45,000. Finally, CogentBlue Wealth Advisors LLC bought a new position in Banco Santander during the fourth quarter worth about $50,000. Institutional investors own 9.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SAN shares. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods upgraded Banco Santander from a “hold” rating to a “moderate buy” rating in a report on Monday, February 24th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group cut Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Banco Santander Trading Up 2.0 %

NYSE:SAN opened at $6.77 on Friday. Banco Santander, S.A. has a fifty-two week low of $4.27 and a fifty-two week high of $6.83. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23. The stock has a market capitalization of $102.51 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 0.77 and a beta of 1.09. The business’s 50-day simple moving average is $5.43 and its 200-day simple moving average is $5.05.

Banco Santander (NYSE:SAN) last announced its earnings results 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 return on equity of 11.90% and a net margin of 15.88%. Sell-side analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander 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.