Atomi Financial Group Inc. Sells 24,446 Shares of Banco Santander, S.A. (NYSE:SAN)

Atomi Financial Group Inc. cut its position in shares of Banco Santander, S.A. (NYSE:SAN) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,484 shares of the bank’s stock after selling 24,446 shares during the period. Atomi Financial Group Inc.’s holdings in Banco Santander were worth $581,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SAN. Riversedge Advisors LLC boosted its stake in Banco Santander by 14.3% in the 4th quarter. Riversedge Advisors LLC now owns 17,220 shares of the bank’s stock valued at $79,000 after buying an additional 2,148 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Banco Santander by 22.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 12,722 shares of the bank’s stock worth $59,000 after purchasing an additional 2,303 shares in the last quarter. Kathmere Capital Management LLC boosted its stake in Banco Santander by 4.9% in the fourth quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank’s stock worth $228,000 after purchasing an additional 2,320 shares in the last quarter. Fiduciary Financial Group LLC boosted its stake in Banco Santander by 15.0% in the fourth quarter. Fiduciary Financial Group LLC now owns 18,882 shares of the bank’s stock worth $87,000 after purchasing an additional 2,461 shares in the last quarter. Finally, Aprio Wealth Management LLC boosted its stake in Banco Santander by 12.4% in the third quarter. Aprio Wealth Management LLC now owns 25,187 shares of the bank’s stock worth $128,000 after purchasing an additional 2,782 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SAN shares. StockNews.com lowered Banco Santander from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th.

Banco Santander Trading Up 3.6 %

SAN stock opened at $5.04 on Friday. The company has a market cap of $79.68 billion, a P/E ratio of 6.29, a PEG ratio of 0.60 and a beta of 1.11. Banco Santander, S.A. has a twelve month low of $3.83 and a twelve month high of $5.27. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08. The business has a fifty day moving average of $4.70 and a 200-day moving average of $4.80.

About Banco Santander

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.