Allspring Global Investments Holdings LLC Has $490,000 Stake in Banco Santander, S.A. (NYSE:SAN)

Allspring Global Investments Holdings LLC increased its position in shares of Banco Santander, S.A. (NYSE:SAN) by 15.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,187 shares of the bank’s stock after acquiring an additional 14,894 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Banco Santander were worth $490,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new position in Banco Santander during the 4th quarter worth approximately $27,000. Advisors Preferred LLC bought a new position in Banco Santander during the 4th quarter worth approximately $37,000. Wilmington Savings Fund Society FSB bought a new position in Banco Santander during the 3rd quarter worth approximately $45,000. Groupama Asset Managment bought a new position in Banco Santander during the 3rd quarter worth approximately $53,000. Finally, Echo45 Advisors LLC bought a new position in Banco Santander during the 4th quarter worth approximately $53,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

Shares of SAN opened at $6.16 on Tuesday. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. Banco Santander, S.A. has a twelve month low of $4.07 and a twelve month high of $6.22. The firm’s 50 day moving average price is $5.08 and its two-hundred day moving average price is $4.93. The firm has a market cap of $93.26 billion, a P/E ratio of 7.42, a PEG ratio of 0.77 and a beta of 1.12.

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

Analyst Upgrades and Downgrades

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