Waterfront Wealth Inc. Sells 3,024 Shares of Banco Santander, S.A. (NYSE:SAN)

Waterfront Wealth Inc. cut its holdings in Banco Santander, S.A. (NYSE:SAN) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 239,096 shares of the bank’s stock after selling 3,024 shares during the period. Waterfront Wealth Inc.’s holdings in Banco Santander were worth $1,090,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SAN. R Squared Ltd bought a new position in Banco Santander in the 4th quarter worth $27,000. Sierra Ocean LLC purchased a new position in shares of Banco Santander during the 4th quarter valued at about $32,000. Advisors Preferred LLC bought a new position in shares of Banco Santander during the 4th quarter valued at approximately $37,000. Wilmington Savings Fund Society FSB purchased a new stake in Banco Santander in the 3rd quarter worth approximately $45,000. Finally, CogentBlue Wealth Advisors LLC bought a new stake in Banco Santander during the 4th quarter worth approximately $50,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Price Performance

Shares of Banco Santander stock opened at $6.04 on Friday. The stock’s 50-day simple moving average is $5.03 and its 200-day simple moving average is $4.90. Banco Santander, S.A. has a 52 week low of $4.07 and a 52 week high of $6.19. The company has a market capitalization of $95.51 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 0.76 and a beta of 1.12. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy”.

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.