Banco Santander, S.A. (NYSE:SAN) Stake Increased by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC grew its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,184 shares of the bank’s stock after acquiring an additional 15,204 shares during the period. Aaron Wealth Advisors LLC’s holdings in Banco Santander were worth $498,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC grew its stake in Banco Santander by 1.4% in the third quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock worth $732,284,000 after purchasing an additional 2,011,150 shares in the last quarter. FMR LLC increased its holdings in shares of Banco Santander by 33.9% in the 3rd 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 last quarter. Groupama Asset Managment acquired a new stake in shares of Banco Santander during the 3rd quarter valued at approximately $53,000. Teachers Retirement System of The State of Kentucky boosted its holdings in Banco Santander by 5.0% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 5,066,760 shares of the bank’s stock worth $23,459,000 after purchasing an additional 242,000 shares during the period. Finally, Chevy Chase Trust Holdings LLC bought a new stake in Banco Santander during the third quarter valued at $22,500,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

Shares of SAN opened at $4.91 on Monday. The firm has a fifty day moving average of $4.68 and a 200-day moving average of $4.80. The company has a market cap of $77.62 billion, a price-to-earnings ratio of 6.13, a price-to-earnings-growth ratio of 0.40 and a beta of 1.11. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33. Banco Santander, S.A. has a 1 year low of $3.83 and a 1 year high of $5.27.

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 report on Tuesday, November 26th. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

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.