JPMorgan Chase & Co. Purchases 1,178,449 Shares of Banco Santander, S.A. (NYSE:SAN)

JPMorgan Chase & Co. boosted its position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 55.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,301,711 shares of the bank's stock after buying 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 SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in Banco Santander in the third quarter valued at approximately $45,000. AE Wealth Management LLC bought a new stake in shares of Banco Santander during the 2nd quarter valued at $50,000. Groupama Asset Managment bought a new position in shares of Banco Santander in the 3rd quarter worth $53,000. Brookstone Capital Management acquired a new stake in shares of Banco Santander during the third quarter worth $54,000. Finally, Joel Isaacson & Co. LLC bought a new stake in Banco Santander in the third quarter valued at about $55,000. 9.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SAN has been the subject of several analyst reports. StockNews.com upgraded Banco Santander from a "hold" rating to a "buy" rating in a research report on Thursday, November 28th. Morgan Stanley upgraded shares of Banco Santander from an "equal weight" rating to an "overweight" rating in a report on Tuesday, November 26th.

Banco Santander Trading Down 0.6 %

NYSE:SAN traded down $0.03 on Friday, reaching $4.63. The company's stock had a trading volume of 2,760,795 shares, compared to its average volume of 3,467,323. The firm has a market cap of $73.27 billion, a PE ratio of 5.79, a PEG ratio of 0.46 and a beta of 1.11. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33. The business's 50-day moving average price is $4.69 and its two-hundred day moving average price is $4.79. Banco Santander, S.A. has a 1-year low of $3.83 and a 1-year high of $5.27.

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.