Sanctuary Advisors LLC Purchases 38,946 Shares of Banco Santander, S.A. (NYSE:SAN)

Sanctuary Advisors LLC increased its holdings in Banco Santander, S.A. (NYSE:SAN) by 71.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,679 shares of the bank’s stock after acquiring an additional 38,946 shares during the period. Sanctuary Advisors LLC’s holdings in Banco Santander were worth $478,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SAN. Rothschild Investment LLC purchased a new stake in shares of Banco Santander during the 2nd quarter valued at $33,000. AE Wealth Management LLC purchased a new stake in Banco Santander during the second quarter worth about $50,000. Groupama Asset Managment bought a new stake in Banco Santander in the third quarter worth about $53,000. Brookstone Capital Management bought a new position in shares of Banco Santander during the 3rd quarter valued at approximately $54,000. Finally, Joel Isaacson & Co. LLC purchased a new stake in shares of Banco Santander during the 3rd quarter worth approximately $55,000. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Stock Down 0.2 %

Shares of NYSE SAN opened at $4.49 on Thursday. The business has a 50-day simple moving average of $4.79 and a two-hundred day simple moving average of $4.81. Banco Santander, S.A. has a 52 week low of $3.83 and a 52 week high of $5.27. The company has a market cap of $71.06 billion, a P/E ratio of 5.61, a P/E/G ratio of 0.46 and a beta of 1.12. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. Finally, UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th.

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.