Raymond James & Associates raised its position in Banco Santander, S.A. (NYSE:SAN – Free Report) by 4.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 192,244 shares of the bank’s stock after acquiring an additional 7,816 shares during the quarter. Raymond James & Associates’ holdings in Banco Santander were worth $723,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in shares of Banco Santander in the second quarter valued at approximately $25,000. SRS Capital Advisors Inc. increased its stake in shares of Banco Santander by 60.8% in the second quarter. SRS Capital Advisors Inc. now owns 9,934 shares of the bank’s stock valued at $37,000 after purchasing an additional 3,755 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Banco Santander in the first quarter valued at approximately $38,000. PFG Advisors bought a new position in shares of Banco Santander in the second quarter valued at approximately $39,000. Finally, First Republic Investment Management Inc. bought a new position in shares of Banco Santander in the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 2.14% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on shares of Banco Santander in a report on Thursday, October 5th. They issued a “buy” rating for the company.
Banco Santander Price Performance
Banco Santander stock opened at $3.99 on Thursday. The firm has a 50 day simple moving average of $4.10 and a 200-day simple moving average of $3.90. The stock has a market capitalization of $64.49 billion, a PE ratio of 6.04, a price-to-earnings-growth ratio of 0.33 and a beta of 1.20. Banco Santander, S.A. has a 12-month low of $3.20 and a 12-month high of $4.29.
Banco Santander Company Profile
Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments.
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