Pinnacle Wealth Planning Services Inc. Reduces Holdings in Banco Santander, S.A. (NYSE:SAN)

Pinnacle Wealth Planning Services Inc. decreased its position in shares of Banco Santander, S.A. (NYSE:SAN) by 19.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,185 shares of the bank’s stock after selling 13,037 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Banco Santander were worth $252,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAN. R Squared Ltd purchased a new stake in Banco Santander during the 4th quarter worth $27,000. Sierra Ocean LLC purchased a new stake in Banco Santander during the 4th quarter worth $32,000. Advisors Preferred LLC purchased a new stake in Banco Santander during the 4th quarter worth $37,000. Wilmington Savings Fund Society FSB purchased a new stake in Banco Santander during the 3rd quarter worth $45,000. Finally, CogentBlue Wealth Advisors LLC acquired a new position in Banco Santander during the 4th quarter worth $50,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Trading Up 2.0 %

NYSE SAN opened at $6.77 on Friday. Banco Santander, S.A. has a one year low of $4.27 and a one year high of $6.83. The company has a 50-day simple moving average of $5.43 and a 200-day simple moving average of $5.05. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. The firm has a market capitalization of $102.51 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 0.77 and a beta of 1.09.

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. 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 raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods raised shares of Banco Santander from a “hold” rating to a “moderate buy” rating in a report on Monday, February 24th. Finally, The Goldman Sachs Group lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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.