Banco Santander, S.A. (NYSE:SAN) Shares Bought by State Street Corp

State Street Corp increased its holdings in Banco Santander, S.A. (NYSE:SAN) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,073,582 shares of the bank’s stock after buying an additional 26,697 shares during the period. State Street Corp’s holdings in Banco Santander were worth $10,575,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new position in shares of Banco Santander in the second quarter worth $33,000. Brookstone Capital Management purchased a new stake in Banco Santander during the 3rd quarter worth about $54,000. AE Wealth Management LLC acquired a new position in Banco Santander in the 2nd quarter valued at about $50,000. Joel Isaacson & Co. LLC acquired a new stake in shares of Banco Santander during the 3rd quarter worth about $55,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Banco Santander during the third quarter worth about $60,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Price Performance

Banco Santander stock opened at $4.49 on Friday. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33. The company has a market cap of $71.06 billion, a price-to-earnings ratio of 5.61, a PEG ratio of 0.46 and a beta of 1.12. Banco Santander, S.A. has a 1 year low of $3.83 and a 1 year high of $5.27. The firm has a 50 day moving average price of $4.77 and a 200 day moving average price of $4.80.

Analyst Ratings Changes

A number of analysts recently issued reports on SAN shares. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. Finally, StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

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.