Advisors Preferred LLC Makes New $37,000 Investment in Banco Santander, S.A. (NYSE:SAN)

Advisors Preferred LLC acquired a new position in Banco Santander, S.A. (NYSE:SAN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,256 shares of the bank’s stock, valued at approximately $37,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Riversedge Advisors LLC raised its position in Banco Santander by 14.3% in the fourth quarter. Riversedge Advisors LLC now owns 17,220 shares of the bank’s stock worth $79,000 after acquiring an additional 2,148 shares during the period. Kathmere Capital Management LLC raised its position in shares of Banco Santander by 4.9% in the fourth quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank’s stock valued at $228,000 after purchasing an additional 2,320 shares during the period. OLD National Bancorp IN raised its position in shares of Banco Santander by 7.6% in the fourth quarter. OLD National Bancorp IN now owns 33,952 shares of the bank’s stock valued at $155,000 after purchasing an additional 2,392 shares during the period. Simon Quick Advisors LLC raised its position in shares of Banco Santander by 23.3% in the fourth quarter. Simon Quick Advisors LLC now owns 12,665 shares of the bank’s stock valued at $58,000 after purchasing an additional 2,393 shares during the period. Finally, Fiduciary Financial Group LLC raised its position in shares of Banco Santander by 15.0% in the fourth quarter. Fiduciary Financial Group LLC now owns 18,882 shares of the bank’s stock valued at $87,000 after purchasing an additional 2,461 shares during the period. Institutional investors own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

SAN has been the topic of several research reports. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report 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.

Banco Santander Price Performance

Shares of NYSE:SAN opened at $5.64 on Friday. 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, S.A. has a 12 month low of $3.87 and a 12 month high of $5.82. The stock has a market cap of $89.18 billion, a P/E ratio of 6.79, a P/E/G ratio of 0.73 and a beta of 1.12. The company has a 50 day moving average of $4.83 and a 200 day moving average of $4.83.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 EPS 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, sell-side analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

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.