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

JPMorgan Chase & Co. boosted its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 55.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,301,711 shares of the bank’s stock after acquiring an additional 1,178,449 shares during the period. JPMorgan Chase & Co.’s holdings in Banco Santander were worth $16,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of SAN. Bank of New York Mellon Corp boosted its position in Banco Santander by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 569,528 shares of the bank’s stock valued at $2,637,000 after purchasing an additional 23,271 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Banco Santander by 9.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 121,593 shares of the bank’s stock valued at $563,000 after buying an additional 10,252 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Banco Santander by 1.2% during the 2nd quarter. Rhumbline Advisers now owns 375,998 shares of the bank’s stock worth $1,741,000 after acquiring an additional 4,347 shares in the last quarter. Choreo LLC purchased a new stake in Banco Santander during the second quarter valued at approximately $371,000. Finally, American Century Companies Inc. boosted its position in shares of Banco Santander by 6.2% in the 2nd quarter. American Century Companies Inc. now owns 3,091,293 shares of the bank’s stock worth $14,313,000 after purchasing an additional 181,558 shares in the last quarter. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

Shares of NYSE SAN opened at $4.63 on Friday. The company has a 50 day simple moving average of $4.69 and a two-hundred day simple moving average of $4.79. The stock has a market cap 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 current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08. Banco Santander, S.A. has a 12 month low of $3.83 and a 12 month high of $5.27.

Analyst Ratings Changes

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

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.