Merit Financial Group LLC Purchases 10,907 Shares of Banco Santander, S.A. (NYSE:SAN)

Merit Financial Group LLC grew its position in Banco Santander, S.A. (NYSE:SANFree Report) by 82.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,153 shares of the bank’s stock after purchasing an additional 10,907 shares during the quarter. Merit Financial Group LLC’s holdings in Banco Santander were worth $110,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Groupama Asset Managment purchased a new position in Banco Santander during the third quarter valued at approximately $53,000. FMR LLC raised its stake in Banco Santander by 33.9% in the third quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock valued at $106,558,000 after buying an additional 5,290,236 shares during the last quarter. Chevy Chase Trust Holdings LLC acquired a new stake in Banco Santander in the 3rd quarter worth approximately $22,500,000. Fisher Asset Management LLC grew its holdings in shares of Banco Santander by 1.4% during the third quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock valued at $732,284,000 after buying an additional 2,011,150 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Banco Santander by 55.5% in the third quarter. JPMorgan Chase & Co. now owns 3,301,711 shares of the bank’s stock valued at $16,839,000 after purchasing an additional 1,178,449 shares during the period. Institutional investors own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SAN shares. 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 research note on Tuesday, January 21st.

View Our Latest Report on SAN

Banco Santander Price Performance

Banco Santander stock opened at $5.08 on Monday. The company has a market capitalization of $80.31 billion, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of 0.59 and a beta of 1.11. Banco Santander, S.A. has a 1 year low of $3.83 and a 1 year high of $5.27. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33. The company’s 50 day simple moving average is $4.71 and its 200-day simple moving average is $4.80.

Banco Santander Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Banco Santander (NYSE:SAN)

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