NewEdge Wealth LLC Has $1.28 Million Stock Position in Banco Santander, S.A. (NYSE:SAN)

NewEdge Wealth LLC decreased its position in shares of Banco Santander, S.A. (NYSE:SAN) by 1.0% in the 4th quarter, Holdings Channel reports. The firm owned 281,660 shares of the bank’s stock after selling 2,800 shares during the quarter. NewEdge Wealth LLC’s holdings in Banco Santander were worth $1,284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SAN. R Squared Ltd bought a new position in Banco Santander during the fourth quarter worth $27,000. Sierra Ocean LLC acquired a new stake in Banco Santander during the 4th quarter worth about $32,000. Advisors Preferred LLC acquired a new position in shares of Banco Santander in the 4th quarter valued at about $37,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Banco Santander during the 3rd quarter valued at about $45,000. Finally, CogentBlue Wealth Advisors LLC acquired a new stake in Banco Santander during the fourth quarter worth approximately $50,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SAN. Keefe, Bruyette & Woods upgraded Banco Santander from a “hold” rating to a “moderate buy” rating in a report on Monday, February 24th. StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Banco Santander presently has a consensus rating of “Buy”.

Banco Santander Price Performance

Shares of NYSE:SAN opened at $6.39 on Friday. The company has a market capitalization of $96.75 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. The company’s 50-day moving average is $5.22 and its 200 day moving average is $4.98. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. Banco Santander, S.A. has a fifty-two week low of $4.07 and a fifty-two week high of $6.50.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. On average, equities research analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

About Banco Santander

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.