Traveka Wealth LLC Invests $171,000 in Banco Santander, S.A. (NYSE:SAN)

Traveka Wealth LLC purchased a new stake in Banco Santander, S.A. (NYSE:SAN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 37,514 shares of the bank’s stock, valued at approximately $171,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in Banco Santander in the 3rd quarter valued at $45,000. Brookstone Capital Management bought a new stake in Banco Santander in the third quarter valued at about $54,000. AE Wealth Management LLC acquired a new position in Banco Santander in the second quarter worth about $50,000. Joel Isaacson & Co. LLC bought a new position in Banco Santander during the third quarter worth about $55,000. Finally, Quantinno Capital Management LP acquired a new stake in Banco Santander during the third quarter valued at approximately $60,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Stock Performance

NYSE:SAN opened at $4.65 on Tuesday. The stock has a market capitalization of $73.59 billion, a P/E ratio of 5.81, a price-to-earnings-growth ratio of 0.46 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 firm has a 50 day moving average of $4.68 and a 200-day moving average of $4.79. 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 several recent analyst reports. 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, November 28th.

Banco Santander 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.