Choreo LLC Decreases Stock Position in Banco Santander, S.A. (NYSE:SAN)

Choreo LLC lessened its stake in Banco Santander, S.A. (NYSE:SAN) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,090 shares of the bank’s stock after selling 8,708 shares during the quarter. Choreo LLC’s holdings in Banco Santander were worth $414,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SAN. Riversedge Advisors LLC boosted its stake 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 valued at $79,000 after buying an additional 2,148 shares during the last quarter. Kathmere Capital Management LLC boosted its stake 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 valued at $228,000 after buying an additional 2,320 shares during the last quarter. OLD National Bancorp IN boosted its stake 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 valued at $155,000 after buying an additional 2,392 shares during the last quarter. Simon Quick Advisors LLC boosted its stake in shares of Banco Santander by 23.3% during the 4th quarter. Simon Quick Advisors LLC now owns 12,665 shares of the bank’s stock valued at $58,000 after buying an additional 2,393 shares during the last quarter. Finally, Fiduciary Financial Group LLC boosted its stake in shares of Banco Santander by 15.0% during the 4th quarter. Fiduciary Financial Group LLC now owns 18,882 shares of the bank’s stock valued at $87,000 after buying an additional 2,461 shares during the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SAN shares. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th. StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th.

Banco Santander Price Performance

Shares of Banco Santander stock opened at $5.95 on Thursday. Banco Santander, S.A. has a 52 week low of $3.87 and a 52 week high of $5.98. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. The company’s 50-day moving average price is $4.87 and its two-hundred day moving average price is $4.84. The stock has a market cap of $94.16 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 0.73 and a beta of 1.12.

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

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.