Requisite Capital Management LLC Acquires Shares in Banco Santander, S.A.

In the fourth quarter, Requisite Capital Management LLC made a significant move by acquiring a new stake in Banco Santander, S.A. (NYSE:SAN - Free Report). This acquisition, disclosed in their latest filing with the Securities and Exchange Commission, involved the purchase of 89,159 shares of the bank's stock, which is valued at around $407,000.

Other institutional investors have also adjusted their holdings in Banco Santander. For instance, Creative Planning increased its stake in the third quarter by 13.5%, now owning 1,341,733 shares valued at $6,843,000 after adding 159,610 shares. Similarly, BNP Paribas Financial Markets raised its holdings by 111.8%, acquiring an additional 372,690 shares to have a total of 706,184 shares worth $3,602,000. FMR LLC expanded its position in the bank by 33.9%, now holding 20,893,727 shares worth $106,558,000 following a purchase of 5,290,236 shares. HighTower Advisors LLC boosted its holdings by 143.0%, ending with 345,524 shares valued at $1,757,000 after buying 203,322 shares in the last quarter. Furthermore, Cerity Partners LLC increased its stake by 47.4%, owning 668,343 shares valued at $3,409,000 after an additional purchase of 214,868 shares. Currently, 9.19% of Banco Santander's stock is held by institutional investors and hedge funds.

Analyst Ratings Changes

Recent changes in analyst ratings have also caught attention. Morgan Stanley upgraded Banco Santander from an "equal weight" rating to an "overweight" rating on November 26th. Conversely, StockNews.com downgraded the stock from a "buy" rating to a "hold" as of January 21st.

Banco Santander Stock Performance

As of Friday, shares of Banco Santander traded at $5.08, reflecting a 0.5% increase. The bank exhibits a debt-to-equity ratio of 3.08, with a quick ratio of 0.23 and a current ratio of 0.33. The market capitalization stands at approximately $80.31 billion, with a price-to-earnings ratio of 6.34 and a P/E/G ratio of 0.59. The stock's 50-day moving average price is $4.71, and the 200-day moving average price is $4.80. In the past year, Banco Santander's stock has ranged between a low of $3.83 and a high of $5.27.

Company Overview

Banco Santander, S.A. offers a variety of financial services globally, operating through several segments, including Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt. The bank provides services such as demand and time deposits, mutual funds, and a range of loans and mortgages, in addition to project finance and corporate finance services.

Investment Considerations

Investors are often advised to consider various factors before investing in stocks. Currently, Banco Santander has a "Buy" rating among analysts. However, it is noted that there are five stocks highly recommended by top analysts that do not include Banco Santander.

For those monitoring the financial performance of Banco Santander, it is wise to stay updated on institutional holdings, analyst ratings, and overall market conditions.

investment, bank, stocks