Requisite Capital Management LLC Buys New Shares in Banco Santander, S.A. (NYSE:SAN)

Requisite Capital Management LLC acquired a new stake in shares of Banco Santander, S.A. (NYSE:SAN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 89,159 shares of the bank’s stock, valued at approximately $407,000.

A number of other hedge funds have also modified their holdings of SAN. Creative Planning raised its holdings in 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 buying an additional 159,610 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Banco Santander by 111.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 706,184 shares of the bank’s stock valued at $3,602,000 after acquiring an additional 372,690 shares in the last quarter. FMR LLC grew 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 worth $106,558,000 after purchasing an additional 5,290,236 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Banco Santander by 143.0% in the third quarter. HighTower Advisors LLC now owns 345,524 shares of the bank’s stock valued at $1,757,000 after purchasing an additional 203,322 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Banco Santander by 47.4% during the third quarter. Cerity Partners LLC now owns 668,343 shares of the bank’s stock valued at $3,409,000 after buying an additional 214,868 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Banco Santander Trading Up 0.5 %

NYSE:SAN opened at $5.08 on Friday. 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 market capitalization of $80.31 billion, a P/E ratio of 6.34, a P/E/G ratio of 0.59 and a beta of 1.11. The stock’s 50 day moving average price is $4.71 and its 200 day moving average price is $4.80. Banco Santander, S.A. has a 52 week low of $3.83 and a 52 week 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.