Sierra Ocean LLC Acquires Shares of 6,978 Banco Santander, S.A. (NYSE:SAN)

Sierra Ocean LLC acquired a new stake in Banco Santander, S.A. (NYSE:SAN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,978 shares of the bank’s stock, valued at approximately $32,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAN. Creative Planning boosted its stake in Banco Santander by 13.5% in the third quarter. Creative Planning now owns 1,341,733 shares of the bank’s stock valued at $6,843,000 after acquiring an additional 159,610 shares during the last quarter. Bleakley Financial Group LLC boosted its position in shares of Banco Santander by 26.8% during the third quarter. Bleakley Financial Group LLC now owns 38,272 shares of the bank’s stock worth $195,000 after purchasing an additional 8,082 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Banco Santander by 218.8% during the third quarter. Blue Trust Inc. now owns 105,580 shares of the bank’s stock worth $538,000 after purchasing an additional 72,462 shares in the last quarter. Raymond James & Associates boosted its position in shares of Banco Santander by 2.1% during the third quarter. Raymond James & Associates now owns 561,559 shares of the bank’s stock worth $2,864,000 after purchasing an additional 11,449 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Banco Santander by 51.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 94,293 shares of the bank’s stock worth $481,000 after purchasing an additional 31,978 shares in the last quarter. 9.19% of the stock is owned by institutional investors.

Banco Santander Trading Up 1.2 %

SAN opened at $6.10 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. Banco Santander, S.A. has a 12 month low of $4.03 and a 12 month high of $6.19. The firm’s fifty day simple moving average is $4.96 and its 200 day simple moving average is $4.88. The stock has a market capitalization of $96.46 billion, a P/E ratio of 7.34, a P/E/G ratio of 0.73 and a beta of 1.12.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SAN shares. The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Banco Santander presently has a consensus rating of “Buy”.

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.