Optas LLC Lowers Stake in Banco Santander, S.A. (NYSE:SAN)

Optas LLC lessened its stake in Banco Santander, S.A. (NYSE:SAN) by 22.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,403 shares of the bank’s stock after selling 6,609 shares during the period. Optas LLC’s holdings in Banco Santander were worth $102,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its stake in shares of Banco Santander by 1.4% during the third quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock valued at $732,284,000 after acquiring an additional 2,011,150 shares in the last quarter. FMR LLC raised its position in Banco Santander by 33.9% during the 3rd quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock valued at $106,558,000 after purchasing an additional 5,290,236 shares in the last quarter. Groupama Asset Managment purchased a new stake in shares of Banco Santander in the 3rd quarter worth $53,000. Chevy Chase Trust Holdings LLC purchased a new position in shares of Banco Santander during the third quarter valued at $22,500,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Banco Santander by 55.5% in the third quarter. JPMorgan Chase & Co. now owns 3,301,711 shares of the bank’s stock valued at $16,839,000 after acquiring an additional 1,178,449 shares in the last quarter. Institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on SAN. StockNews.com downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th.

Banco Santander Stock Performance

Shares of Banco Santander stock opened at $5.14 on Wednesday. Banco Santander, S.A. has a one year low of $3.87 and a one year high of $5.27. The company has a market capitalization of $81.26 billion, a PE ratio of 6.42, a P/E/G ratio of 0.62 and a beta of 1.12. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33. The company has a 50-day simple moving average of $4.75 and a two-hundred day simple moving average of $4.81.

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.