GAMMA Investing LLC Acquires 3,505 Shares of Banco Santander, S.A. (NYSE:SAN)

GAMMA Investing LLC raised its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 11.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 32,970 shares of the bank’s stock after purchasing an additional 3,505 shares during the period. GAMMA Investing LLC’s holdings in Banco Santander were worth $150,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC increased its stake in Banco Santander by 1.4% in the 3rd quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock valued at $732,284,000 after buying an additional 2,011,150 shares during the last quarter. FMR LLC increased 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 valued at $106,558,000 after acquiring an additional 5,290,236 shares during the last quarter. Groupama Asset Managment bought a new stake in Banco Santander during the third quarter worth $53,000. Teachers Retirement System of The State of Kentucky grew its stake in Banco Santander by 5.0% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 5,066,760 shares of the bank’s stock valued at $23,459,000 after purchasing an additional 242,000 shares during the period. Finally, Chevy Chase Trust Holdings LLC purchased a new stake in shares of Banco Santander during the 3rd quarter valued at $22,500,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SAN has been the subject of several research reports. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Banco Santander Trading Down 0.6 %

Shares of SAN opened at $4.66 on Friday. The firm has a market cap of $73.75 billion, a P/E ratio of 5.83, a price-to-earnings-growth ratio of 0.46 and a beta of 1.11. Banco Santander, S.A. has a fifty-two week low of $3.83 and a fifty-two week high of $5.27. 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 business has a 50-day moving average of $4.70 and a 200 day moving average of $4.79.

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.