Planned Solutions Inc. Cuts Stake in Banco Santander, S.A. (NYSE:SAN)

Planned Solutions Inc. lessened its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 41.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,248 shares of the bank’s stock after selling 8,050 shares during the period. Planned Solutions Inc.’s holdings in Banco Santander were worth $51,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAN. Wilmington Savings Fund Society FSB bought a new stake in shares of Banco Santander in the 3rd quarter worth approximately $45,000. AE Wealth Management LLC bought a new position in shares of Banco Santander during the 2nd quarter worth $50,000. Groupama Asset Managment purchased a new stake in Banco Santander in the 3rd quarter worth about $53,000. Brookstone Capital Management purchased a new stake in Banco Santander during the third quarter valued at about $54,000. Finally, Joel Isaacson & Co. LLC bought a new position in Banco Santander during the third quarter worth about $55,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Trading Up 1.1 %

Shares of Banco Santander stock opened at $4.95 on Wednesday. The company’s 50-day moving average price is $4.69 and its 200-day moving average price is $4.80. The company has a market cap of $78.26 billion, a price-to-earnings ratio of 6.18, a PEG ratio of 0.44 and a beta of 1.11. Banco Santander, S.A. has a 12-month low of $3.83 and a 12-month high of $5.27. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08.

Analyst Upgrades and Downgrades

SAN has been the topic of a number of recent research reports. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. StockNews.com lowered Banco Santander from a “buy” rating to a “hold” rating in a report on Tuesday.

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.