Shares of Banco Santander SA (NYSE:SAN) saw unusually-high trading volume on Wednesday . Approximately 16,048,747 shares were traded during mid-day trading, an increase of 15% from the previous session’s volume of 13,968,793 shares.The stock last traded at $3.75 and had previously closed at $3.74.

SAN has been the subject of a number of research reports. Goldman Sachs Group Inc. upgraded Banco Santander SA from a “neutral” rating to a “conviction-buy” rating in a research note on Tuesday, March 8th. JP Morgan Cazenove upgraded Banco Santander SA from a “neutral” rating to an “overweight” rating in a research note on Monday, April 25th. Deutsche Bank AG reiterated a “neutral” rating on shares of Banco Santander SA in a research note on Monday, March 14th. Zacks Investment Research raised Banco Santander SA from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Tuesday, May 10th. Finally, JPMorgan Chase & Co. raised Banco Santander SA from a “neutral” rating to an “overweight” rating in a research report on Monday, April 25th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $4.50.

The firm has a market capitalization of $54.40 billion and a PE ratio of 8.71. The firm has a 50-day moving average of $4.38 and a 200-day moving average of $4.43.

Other large investors recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Banco Santander SA by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,959,321 shares of the company’s stock valued at $24,152,000 after buying an additional 185,148 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Banco Santander SA by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 317,592 shares of the company’s stock valued at $1,546,000 after buying an additional 1,318 shares in the last quarter. GFS Advisors LLC boosted its stake in shares of Banco Santander SA by 15.2% in the fourth quarter. GFS Advisors LLC now owns 673,026 shares of the company’s stock valued at $3,278,000 after buying an additional 88,733 shares in the last quarter. Comerica Bank boosted its stake in shares of Banco Santander SA by 5.6% in the fourth quarter. Comerica Bank now owns 791,455 shares of the company’s stock valued at $3,395,000 after buying an additional 42,221 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Banco Santander SA by 148.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 680,753 shares of the company’s stock valued at $3,316,000 after buying an additional 406,891 shares in the last quarter.

Banco Santander, SA is a Spain-based banking company. The Bank’s business segments include Retail Banking, which includes customer banking businesses; Global Wholesale Banking (GBM), which includes global corporate banking, investment banking and markets; Private Banking, Asset Management and Insurance, which include design and management of mutual and pension funds and insurance, and Spain’s run-off real estate, which includes loans to customers in Spain.

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