Requisite Capital Management LLC Invests $407,000 in Banco Santander, S.A. (NYSE:SAN)

Requisite Capital Management LLC acquired a new stake in Banco Santander, S.A. (NYSE:SAN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 89,159 shares of the bank’s stock, valued at approximately $407,000.

Other large investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Banco Santander in the third quarter worth about $45,000. AE Wealth Management LLC acquired a new stake in Banco Santander in the 2nd quarter valued at approximately $50,000. Groupama Asset Managment acquired a new position in shares of Banco Santander during the third quarter worth approximately $53,000. Echo45 Advisors LLC bought a new stake in shares of Banco Santander in the fourth quarter valued at approximately $53,000. Finally, Brookstone Capital Management acquired a new stake in shares of Banco Santander in the third quarter worth $54,000. Institutional investors own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SAN. StockNews.com cut shares of 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 note on Tuesday, November 26th.

Banco Santander Stock Performance

Shares of NYSE SAN opened at $5.08 on Friday. The firm has a market capitalization of $80.31 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 0.59 and a beta of 1.11. Banco Santander, S.A. has a one year low of $3.83 and a one year high of $5.27. The business has a fifty day simple moving average of $4.71 and a 200 day simple moving average of $4.80. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08.

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.