Jane Street Group LLC Decreases Stock Position in Banco Santander, S.A. (NYSE:SAN)

Jane Street Group LLC decreased its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 87.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 23,927 shares of the bank’s stock after selling 161,609 shares during the period. Jane Street Group LLC’s holdings in Banco Santander were worth $122,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. FMR LLC increased its stake in Banco Santander by 33.9% during the 3rd quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock valued at $106,558,000 after purchasing an additional 5,290,236 shares in the last quarter. Chevy Chase Trust Holdings LLC purchased a new stake in shares of Banco Santander during the third quarter valued at $22,500,000. Fisher Asset Management LLC increased its position in shares of Banco Santander by 1.4% in the 3rd quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock valued at $732,284,000 after acquiring an additional 2,011,150 shares during the period. Point72 Asset Management L.P. purchased a new position in Banco Santander in the 3rd quarter worth $3,531,000. Finally, BNP Paribas Financial Markets lifted its position in Banco Santander by 111.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 706,184 shares of the bank’s stock worth $3,602,000 after acquiring an additional 372,690 shares during the period. 9.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Banco Santander Stock Performance

NYSE SAN opened at $4.80 on Wednesday. Banco Santander, S.A. has a fifty-two week low of $3.83 and a fifty-two week high of $5.27. 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 firm has a market capitalization of $75.96 billion, a P/E ratio of 6.00, a PEG ratio of 0.46 and a beta of 1.11. The stock has a 50-day simple moving average of $4.68 and a two-hundred day simple moving average of $4.79.

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.