Abel Hall LLC Acquires 6,626 Shares of Banco Santander, S.A. (NYSE:SAN)

Abel Hall LLC grew its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 24.9% in the 4th quarter, Holdings Channel reports. The fund owned 33,197 shares of the bank’s stock after buying an additional 6,626 shares during the period. Abel Hall LLC’s holdings in Banco Santander were worth $151,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. R Squared Ltd bought a new position in Banco Santander in the 4th quarter valued at approximately $27,000. Wilmington Savings Fund Society FSB bought a new position in Banco Santander in the third quarter valued at about $45,000. Groupama Asset Managment acquired a new stake in shares of Banco Santander during the third quarter valued at about $53,000. Echo45 Advisors LLC bought a new stake in shares of Banco Santander during the fourth quarter worth about $53,000. Finally, Brookstone Capital Management bought a new position in Banco Santander in the 3rd quarter valued at approximately $54,000. Institutional investors own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th. StockNews.com downgraded Banco Santander from a “buy” rating to a “hold” rating in a report on Tuesday, January 21st.

Banco Santander Price Performance

Shares of NYSE SAN opened at $5.16 on Thursday. 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 company has a market capitalization of $81.58 billion, a PE ratio of 6.44, a P/E/G ratio of 0.59 and a beta of 1.11. The firm has a fifty day simple moving average of $4.72 and a 200 day simple moving average of $4.81. Banco Santander, S.A. has a twelve month low of $3.87 and a twelve month high of $5.27.

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.