Banco Santander SA (NYSE:SAN) – Stock analysts at Jefferies Group raised their FY2016 earnings estimates for shares of Banco Santander SA in a research note issued on Wednesday. Jefferies Group analyst B. Creelan-Sandf now expects that the brokerage will earn $0.48 per share for the year, up from their prior estimate of $0.43. Jefferies Group also issued estimates for Banco Santander SA’s FY2017 earnings at $0.45 EPS.

Banco Santander SA (NYSE:SAN) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.12 earnings per share (EPS) for the quarter. Banco Santander SA had a net margin of 13.89% and a return on equity of 6.06%.

SAN has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Banco Santander SA from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Friday, September 23rd. RBC Capital Markets upgraded shares of Banco Santander SA from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, October 19th. Bank of America Corp. lowered shares of Banco Santander SA from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 20th. Citigroup Inc. reiterated a “buy” rating on shares of Banco Santander SA in a research note on Wednesday, July 20th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Banco Santander SA in a research note on Monday, August 1st. Six equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $4.50.

Shares of Banco Santander SA (NYSE:SAN) opened at 4.59 on Friday. The company has a market capitalization of $70.73 billion, a P/E ratio of 14.17 and a beta of 1.72. The firm has a 50-day moving average of $4.58 and a 200-day moving average of $4.43. Banco Santander SA has a one year low of $3.60 and a one year high of $5.58.

A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in Banco Santander SA by 250.5% in the first quarter. JPMorgan Chase & Co. now owns 1,151,966 shares of the company’s stock valued at $5,023,000 after buying an additional 823,302 shares during the last quarter. FFT Wealth Management LLC increased its position in Banco Santander SA by 66.0% in the first quarter. FFT Wealth Management LLC now owns 25,145 shares of the company’s stock valued at $110,000 after buying an additional 10,000 shares during the last quarter. Creative Planning increased its position in Banco Santander SA by 68.1% in the second quarter. Creative Planning now owns 430,844 shares of the company’s stock valued at $1,689,000 after buying an additional 174,582 shares during the last quarter. Checchi Capital Advisers LLC increased its position in Banco Santander SA by 6.2% in the second quarter. Checchi Capital Advisers LLC now owns 54,095 shares of the company’s stock valued at $212,000 after buying an additional 3,176 shares during the last quarter. Finally, CIBC World Markets Inc. increased its position in Banco Santander SA by 17.2% in the second quarter. CIBC World Markets Inc. now owns 442,413 shares of the company’s stock valued at $1,734,000 after buying an additional 65,050 shares during the last quarter. 0.63% of the stock is currently owned by institutional investors and hedge funds.

The business also recently disclosed a dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 17th will be issued a dividend of $0.038 per share. The ex-dividend date is Thursday, October 13th. Banco Santander SA’s payout ratio is 38.64%.

About Banco Santander SA

Banco Santander, SA is a retail and commercial bank. The Bank’s principal business is to attract deposits and provide loans. The Bank focuses its wholesale banking offer on providing services to its main customers in local markets. The Banks segments include Continental Europe, United Kingdom, Latin America and United States.

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