CogentBlue Wealth Advisors LLC Takes Position in Banco Santander, S.A. (NYSE:SAN)

CogentBlue Wealth Advisors LLC acquired a new position in Banco Santander, S.A. (NYSE:SAN) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 11,054 shares of the bank’s stock, valued at approximately $50,000.

Other large investors have also modified their holdings of the company. R Squared Ltd acquired a new position in shares of Banco Santander in the fourth quarter worth $27,000. Sierra Ocean LLC purchased a new stake in Banco Santander in the 4th quarter valued at about $32,000. Advisors Preferred LLC acquired a new position in shares of Banco Santander during the 4th quarter valued at about $37,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Banco Santander in the third quarter worth approximately $45,000. Finally, Joel Isaacson & Co. LLC acquired a new position in Banco Santander during the third quarter worth approximately $55,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Stock Performance

SAN stock opened at $5.97 on Thursday. The stock’s 50 day simple moving average is $5.01 and its 200 day simple moving average is $4.89. Banco Santander, S.A. has a 12-month low of $4.03 and a 12-month high of $6.19. The firm has a market cap of $94.40 billion, a P/E ratio of 7.19, a P/E/G ratio of 0.78 and a beta of 1.12. 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 (NYSE:SAN) last issued its earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. As a group, equities research analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. StockNews.com upgraded 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 downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Banco Santander Company 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.