Chevy Chase Trust Holdings LLC Boosts Stake in Banco Santander, S.A. (NYSE:SAN)

Chevy Chase Trust Holdings LLC lifted its holdings in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 106.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,101,145 shares of the bank's stock after purchasing an additional 4,689,461 shares during the period. Chevy Chase Trust Holdings LLC owned 0.06% of Banco Santander worth $41,501,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. R Squared Ltd bought a new position in shares of Banco Santander during the 4th quarter worth approximately $27,000. Advisors Preferred LLC acquired a new position in shares of Banco Santander during the 4th quarter valued at $37,000. Wilmington Savings Fund Society FSB bought a new position in Banco Santander during the third quarter worth $45,000. Joel Isaacson & Co. LLC acquired a new stake in Banco Santander in the third quarter worth $55,000. Finally, Echo45 Advisors LLC bought a new stake in Banco Santander in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 9.19% of the company's stock.

Banco Santander Stock Up 1.2 %

SAN stock traded up $0.08 during mid-day trading on Tuesday, reaching $6.10. 8,008,817 shares of the company traded hands, compared to its average volume of 3,764,302. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83. The firm's 50 day moving average price is $4.96 and its 200 day moving average price is $4.88. The stock has a market cap of $96.46 billion, a price-to-earnings ratio of 7.34, a P/E/G ratio of 0.73 and a beta of 1.12. Banco Santander, S.A. has a fifty-two week low of $4.03 and a fifty-two week high of $6.19.

Banco Santander (NYSE:SAN - Get Free Report) last announced its earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, meeting 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, equities research analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SAN has been the topic of a number of research analyst reports. StockNews.com raised shares of Banco Santander from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. The Goldman Sachs Group lowered Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, Morgan Stanley upgraded Banco Santander from an "equal weight" rating to an "overweight" rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

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.