Echo45 Advisors LLC Makes New $53,000 Investment in Banco Santander, S.A. (NYSE:SAN)

Echo45 Advisors LLC acquired a new stake in Banco Santander, S.A. (NYSE:SAN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,712 shares of the bank’s stock, valued at approximately $53,000.

A number of other large investors have also modified their holdings of SAN. Riversedge Advisors LLC raised its position in Banco Santander by 14.3% in the fourth quarter. Riversedge Advisors LLC now owns 17,220 shares of the bank’s stock valued at $79,000 after purchasing an additional 2,148 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Banco Santander by 22.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 12,722 shares of the bank’s stock worth $59,000 after acquiring an additional 2,303 shares in the last quarter. Kathmere Capital Management LLC boosted its holdings in Banco Santander by 4.9% during the 4th quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank’s stock valued at $228,000 after acquiring an additional 2,320 shares during the period. Atomi Financial Group Inc. increased its stake in Banco Santander by 1.6% during the third quarter. Atomi Financial Group Inc. now owns 151,930 shares of the bank’s stock worth $775,000 after purchasing an additional 2,392 shares during the period. Finally, Simon Quick Advisors LLC boosted its stake in shares of Banco Santander by 23.3% in the fourth quarter. Simon Quick Advisors LLC now owns 12,665 shares of the bank’s stock valued at $58,000 after purchasing an additional 2,393 shares during the period. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SAN shares. StockNews.com downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th.

Banco Santander Stock Performance

SAN opened at $4.86 on Thursday. The business has a 50 day moving average price of $4.70 and a two-hundred day moving average price of $4.80. The company has a market capitalization of $76.83 billion, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 0.60 and a beta of 1.11. Banco Santander, S.A. has a 1-year low of $3.83 and a 1-year high of $5.27. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23.

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.