R Squared Ltd Takes Position in Banco Santander, S.A. (NYSE:SAN)

R Squared Ltd bought a new stake in Banco Santander, S.A. (NYSE:SAN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,880 shares of the bank’s stock, valued at approximately $27,000.

A number of other hedge funds have also made changes to their positions in the business. Fisher Asset Management LLC raised its stake in shares of 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 acquiring an additional 2,011,150 shares during the period. FMR LLC raised its stake in shares of Banco Santander by 33.9% in the 3rd 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 period. Groupama Asset Managment purchased a new position in shares of Banco Santander in the 3rd quarter valued at $53,000. Chevy Chase Trust Holdings LLC purchased a new stake in Banco Santander during the 3rd quarter worth $22,500,000. Finally, JPMorgan Chase & Co. increased its stake in Banco Santander by 55.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,301,711 shares of the bank’s stock worth $16,839,000 after buying an additional 1,178,449 shares during the period. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SAN. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. StockNews.com downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

Banco Santander Price Performance

Shares of SAN stock opened at $5.14 on Wednesday. The firm has a market cap of $81.26 billion, a P/E ratio of 6.42, a P/E/G ratio of 0.62 and a beta of 1.12. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23. Banco Santander, S.A. has a 1-year low of $3.87 and a 1-year high of $5.27. The firm has a fifty day moving average of $4.75 and a two-hundred day moving average of $4.81.

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.