Banco Santander, S.A. (NYSE:SAN) Shares Sold by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. trimmed its position in shares of Banco Santander, S.A. (NYSE:SAN) by 19.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,185 shares of the bank’s stock after selling 13,037 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Banco Santander were worth $252,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atria Investments Inc boosted its stake in Banco Santander by 7.1% during the 4th quarter. Atria Investments Inc now owns 28,990 shares of the bank’s stock valued at $132,000 after purchasing an additional 1,917 shares during the period. Principal Securities Inc. boosted its stake in Banco Santander by 13.4% during the 4th quarter. Principal Securities Inc. now owns 17,230 shares of the bank’s stock valued at $79,000 after purchasing an additional 2,032 shares during the period. Riversedge Advisors LLC raised its position in shares of Banco Santander by 14.3% during the 4th quarter. Riversedge Advisors LLC now owns 17,220 shares of the bank’s stock worth $79,000 after buying an additional 2,148 shares in the last quarter. Kathmere Capital Management LLC raised its position in shares of Banco Santander by 4.9% during the 4th quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank’s stock worth $228,000 after buying an additional 2,320 shares in the last quarter. Finally, OLD National Bancorp IN raised its position in shares of Banco Santander by 7.6% during the 4th quarter. OLD National Bancorp IN now owns 33,952 shares of the bank’s stock worth $155,000 after buying an additional 2,392 shares in the last quarter. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Stock Up 2.0 %

NYSE SAN opened at $6.77 on Friday. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23. The company’s 50 day simple moving average is $5.43 and its 200 day simple moving average is $5.05. Banco Santander, S.A. has a 12 month low of $4.27 and a 12 month high of $6.83. The company has a market capitalization of $102.51 billion, a P/E ratio of 8.15, a PEG ratio of 0.77 and a beta of 1.09.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. Equities research analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.