Banco Santander, S.A. (NYSE:SAN) Shares Sold by Choreo LLC

Choreo LLC lessened its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 8.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,090 shares of the bank’s stock after selling 8,708 shares during the quarter. Choreo LLC’s holdings in Banco Santander were worth $414,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Groupama Asset Managment purchased a new stake in shares of Banco Santander during the third quarter worth approximately $53,000. FMR LLC increased its stake in shares of Banco Santander by 33.9% during the third quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock worth $106,558,000 after buying an additional 5,290,236 shares during the period. Chevy Chase Trust Holdings LLC purchased a new stake in shares of Banco Santander during the third quarter worth approximately $22,500,000. Fisher Asset Management LLC increased its stake in shares of Banco Santander by 1.4% during the third quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock worth $732,284,000 after buying an additional 2,011,150 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Banco Santander by 55.5% during the third quarter. JPMorgan Chase & Co. now owns 3,301,711 shares of the bank’s stock worth $16,839,000 after buying an additional 1,178,449 shares during the period. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Price Performance

Banco Santander stock opened at $5.95 on Thursday. Banco Santander, S.A. has a one year low of $3.87 and a one year high of $5.98. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. The business has a fifty day moving average of $4.87 and a two-hundred day moving average of $4.84. The company has a market cap of $94.16 billion, a P/E ratio of 7.17, a price-to-earnings-growth ratio of 0.73 and a beta of 1.12.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, hitting 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 predict that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th.

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.