Banco Santander, S.A. (NYSE:SAN) Holdings Cut by Fifth Third Bancorp

Fifth Third Bancorp cut its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 29.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 154,807 shares of the bank’s stock after selling 63,657 shares during the quarter. Fifth Third Bancorp’s holdings in Banco Santander were worth $706,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SAN. Fisher Asset Management LLC increased its position in Banco Santander by 1.4% in 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. FMR LLC increased its holdings in shares of Banco Santander by 33.9% in 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 bought a new stake in Banco Santander in the 3rd quarter valued at about $53,000. Chevy Chase Trust Holdings LLC bought a new position in Banco Santander in the 3rd quarter worth about $22,500,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Banco Santander by 55.5% in the third quarter. JPMorgan Chase & Co. now owns 3,301,711 shares of the bank’s stock valued at $16,839,000 after purchasing an additional 1,178,449 shares during the period. Institutional investors own 9.19% of the company’s stock.

Banco Santander Trading Up 0.9 %

Shares of SAN stock opened at $5.16 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08. The stock has a 50-day simple moving average of $4.72 and a 200 day simple moving average of $4.81. Banco Santander, S.A. has a fifty-two week low of $3.87 and a fifty-two week high of $5.27. The stock has a market capitalization of $81.58 billion, a P/E ratio of 6.44, a P/E/G ratio of 0.59 and a beta of 1.11.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th. StockNews.com cut shares of Banco Santander from a “buy” rating to a “hold” rating in a report on Tuesday, January 21st.

Banco Santander Company 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.