Requisite Capital Management LLC Invests in Banco Santander Shares

Requisite Capital Management LLC has recently made a significant investment by acquiring a new stake in Banco Santander, S.A. (NYSE: SAN) during the fourth quarter, as reported in its latest filing with the Securities and Exchange Commission. The institutional investor has purchased 89,159 shares of the bank, which are valued at around $407,000.

Additionally, several other hedge funds have also adjusted their holdings in Banco Santander. Creative Planning, for instance, increased its stake by 13.5% in the third quarter and now owns 1,341,733 shares worth $6,843,000, following an acquisition of an additional 159,610 shares. Similarly, BNP Paribas Financial Markets raised its position by a notable 111.8% during the same period, bringing its total to 706,184 shares valued at $3,602,000 after acquiring another 372,690 shares. Another investor, FMR LLC, expanded its holdings by 33.9%, owning now 20,893,727 shares worth $106,558,000 after buying an additional 5,290,236 shares. HighTower Advisors LLC also saw a significant increase of 143.0% in their holdings, now owning 345,524 shares valued at $1,757,000 after purchasing 203,322 new shares. Finally, Cerity Partners LLC increased its stake by 47.4% to 668,343 shares worth $3,409,000 after buying an extra 214,868 shares.

Currently, 9.19% of Banco Santander’s stock is owned by institutional investors and hedge funds.

Changes in Analyst Ratings

Banco Santander has also attracted the attention of various research firms. In a recent analysis, Morgan Stanley upgraded the bank from an "equal weight" rating to an "overweight" rating on November 26th. However, StockNews.com changed its stance by downgrading Banco Santander from a "buy" rating to a "hold" rating on January 21st.

Stock Performance of Banco Santander

On Friday, shares of Banco Santander (NYSE: SAN) opened at $5.08, reflecting a gain of 0.5%. The bank has a debt-to-equity ratio of 3.08 and, unfortunately, a quick ratio of 0.23, along with a current ratio of 0.33. The market capitalization of Banco Santander stands at $80.31 billion, with a price-to-earnings (P/E) ratio of 6.34 and a P/E to growth (P/E/G) ratio of 0.59. The stock has shown a beta of 1.11. Its average stock prices over the past 50 days and 200 days are $4.71 and $4.80, respectively. Furthermore, Banco Santander has a 52-week low of $3.83 and a 52-week high of $5.27.

About Banco Santander

Banco Santander, S.A. is an international financial services company that operates through various segments including Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt. The bank offers a variety of financial products and services such as demand and time deposits, mutual funds, savings accounts, mortgages, consumer loans, project finance, debt capital markets, global transaction banking, and corporate finance services.

Further Information

If you want to know about the latest movements of hedge funds in relation to Banco Santander, you can check the latest 13F filings and insider trades related to the company.

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