JPMorgan Chase & Co. Increases Stake in Banco Santander, S.A. (NYSE:SAN)

JPMorgan Chase & Co. lifted its position in shares of Banco Santander, S.A. (NYSE:SAN) by 55.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,301,711 shares of the bank’s stock after purchasing an additional 1,178,449 shares during the quarter. JPMorgan Chase & Co.’s holdings in Banco Santander were worth $16,839,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Groupama Asset Managment bought a new position in Banco Santander in the 3rd quarter worth about $53,000. FMR LLC lifted its stake in Banco Santander by 33.9% during the 3rd quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock valued at $106,558,000 after acquiring an additional 5,290,236 shares during the period. Chevy Chase Trust Holdings LLC bought a new stake in shares of Banco Santander in the third quarter worth approximately $22,500,000. Fisher Asset Management LLC grew its position in Banco Santander by 1.4% in the 3rd quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock worth $732,284,000 after purchasing an additional 2,011,150 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in Banco Santander during the third quarter valued at $3,531,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on SAN shares. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, November 28th.

Banco Santander Stock Down 0.6 %

NYSE SAN opened at $4.63 on Friday. The firm has a market capitalization of $73.27 billion, a price-to-earnings ratio of 5.79, a PEG ratio of 0.46 and a beta of 1.11. The company has a fifty day moving average of $4.69 and a two-hundred day moving average of $4.79. Banco Santander, S.A. has a 52 week low of $3.83 and a 52 week 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.

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.