Orca Wealth Management LLC Makes New Investment in Banco Santander, S.A. (NYSE:SAN)

Orca Wealth Management LLC acquired a new stake in Banco Santander, S.A. (NYSE:SAN) in the fourth quarter, Holdings Channel.com reports. The firm acquired 63,955 shares of the bank’s stock, valued at approximately $292,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Creative Planning raised its position in shares of Banco Santander by 13.5% in the third quarter. Creative Planning now owns 1,341,733 shares of the bank’s stock valued at $6,843,000 after buying an additional 159,610 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Banco Santander by 111.8% in the third quarter. BNP Paribas Financial Markets now owns 706,184 shares of the bank’s stock valued at $3,602,000 after purchasing an additional 372,690 shares in the last quarter. FMR LLC grew its position in shares of Banco Santander by 33.9% during the third quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock worth $106,558,000 after buying an additional 5,290,236 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Banco Santander by 143.0% during the third quarter. HighTower Advisors LLC now owns 345,524 shares of the bank’s stock worth $1,757,000 after buying an additional 203,322 shares in the last quarter. Finally, Cerity Partners LLC grew its stake 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 worth $3,409,000 after purchasing an additional 214,868 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Banco Santander Stock Down 0.7 %

SAN opened at $5.11 on Wednesday. Banco Santander, S.A. has a 1 year low of $3.83 and a 1 year high of $5.27. The firm has a 50 day moving average price of $4.71 and a 200 day moving average price of $4.80. 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 cap of $80.79 billion, a PE ratio of 6.38, a price-to-earnings-growth ratio of 0.59 and a beta of 1.11.

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.