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

Chevy Chase Trust Holdings LLC grew its position in shares of Banco Santander, S.A. (NYSE:SAN) by 106.3% during the fourth quarter, Holdings Channel reports. The fund 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’s holdings in Banco Santander were worth $41,501,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC grew its holdings in shares of Banco Santander by 1.4% during the 3rd quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock worth $732,284,000 after acquiring an additional 2,011,150 shares during the period. FMR LLC grew its holdings in shares of Banco Santander by 33.9% during the 3rd quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock worth $106,558,000 after acquiring an additional 5,290,236 shares during the period. Groupama Asset Managment purchased a new stake in shares of Banco Santander in the 3rd quarter worth approximately $53,000. JPMorgan Chase & Co. grew its stake in shares of Banco Santander by 55.5% in the 3rd 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 last quarter. Finally, State Street Corp grew its stake in shares of Banco Santander by 1.3% in the 3rd quarter. State Street Corp now owns 2,073,582 shares of the bank’s stock worth $10,575,000 after buying an additional 26,697 shares during the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on SAN shares. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Banco Santander Stock Performance

Shares of SAN opened at $6.02 on Friday. The business’s fifty day simple moving average is $4.92 and its two-hundred day simple moving average is $4.86. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. Banco Santander, S.A. has a 12 month low of $3.88 and a 12 month high of $6.06. The company has a market cap of $95.19 billion, a price-to-earnings ratio of 7.25, a P/E/G ratio of 0.73 and a beta of 1.12.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, February 5th. The bank reported $0.21 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%. Research analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

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.