Grifols, S.A. (NASDAQ:GRFS) was downgraded by equities researchers at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating in a research note issued on Friday.

A number of other brokerages also recently weighed in on GRFS. Zacks Investment Research downgraded Grifols, from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. BidaskClub upgraded Grifols, from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Bank of America Corporation initiated coverage on Grifols, in a research note on Thursday, April 6th. They issued a “buy” rating for the company. J P Morgan Chase & Co upgraded Grifols, from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 30th. Finally, HSBC Holdings plc cut Grifols, from a “hold” rating to a “reduce” rating in a research note on Friday, April 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Shares of Grifols, (GRFS) traded down 0.24% during mid-day trading on Friday, hitting $21.10. 81,124 shares of the stock were exchanged. The firm has a market cap of $28.27 billion, a P/E ratio of 45.97 and a beta of 1.03. Grifols, has a 12 month low of $14.27 and a 12 month high of $22.83. The stock’s 50 day moving average is $21.42 and its 200 day moving average is $18.78.

The firm also recently disclosed a semiannual dividend, which was paid on Thursday, June 8th. Shareholders of record on Thursday, June 1st were issued a $0.122 dividend. This represents a yield of 1.54%. The ex-dividend date was Tuesday, May 30th. Grifols,’s payout ratio is currently 30.77%.

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Hedge funds have recently modified their holdings of the company. AKO Capital LLP bought a new position in Grifols, during the first quarter worth $36,979,000. FMR LLC raised its position in Grifols, by 52.6% in the first quarter. FMR LLC now owns 6,352,581 shares of the biotechnology company’s stock worth $119,905,000 after buying an additional 2,189,431 shares during the period. JPMorgan Chase & Co. raised its position in Grifols, by 25.1% in the first quarter. JPMorgan Chase & Co. now owns 1,926,442 shares of the biotechnology company’s stock worth $36,362,000 after buying an additional 385,998 shares during the period. Karp Capital Management Corp bought a new position in Grifols, during the first quarter worth $4,916,000. Finally, Gladstone Capital Management LLP raised its position in Grifols, by 34.0% in the first quarter. Gladstone Capital Management LLP now owns 1,020,162 shares of the biotechnology company’s stock worth $21,842,000 after buying an additional 258,896 shares during the period. 22.12% of the stock is currently owned by hedge funds and other institutional investors.

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