Banco Santander, S.A. (NYSE:SAN) – Investment analysts at Jefferies Financial Group dropped their FY2019 EPS estimates for shares of Banco Santander in a report released on Monday, September 24th. Jefferies Financial Group analyst B. Creelan-Sandf now forecasts that the bank will post earnings per share of $0.55 for the year, down from their previous estimate of $0.56. Jefferies Financial Group also issued estimates for Banco Santander’s FY2020 earnings at $0.55 EPS.

Several other equities analysts have also weighed in on the company. Zacks Investment Research upgraded Banco Santander from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. HSBC upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, June 14th. Finally, ValuEngine lowered Banco Santander from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $6.85.

Shares of SAN stock opened at $5.32 on Wednesday. The stock has a market capitalization of $84.53 billion, a PE ratio of 10.23, a P/E/G ratio of 1.30 and a beta of 1.39. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 4.25. Banco Santander has a 52-week low of $4.82 and a 52-week high of $7.57.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, July 25th. The bank reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The business had revenue of $14.33 billion during the quarter. Banco Santander had a return on equity of 7.55% and a net margin of 13.97%.

Several institutional investors have recently made changes to their positions in the stock. Fisher Asset Management LLC increased its stake in shares of Banco Santander by 4.4% in the 2nd quarter. Fisher Asset Management LLC now owns 93,106,288 shares of the bank’s stock valued at $497,188,000 after purchasing an additional 3,915,110 shares in the last quarter. Cambiar Investors LLC increased its stake in shares of Banco Santander by 3.0% in the 2nd quarter. Cambiar Investors LLC now owns 21,557,441 shares of the bank’s stock valued at $115,117,000 after purchasing an additional 626,461 shares in the last quarter. Northern Trust Corp increased its stake in shares of Banco Santander by 3.8% in the 2nd quarter. Northern Trust Corp now owns 16,609,734 shares of the bank’s stock valued at $88,695,000 after purchasing an additional 609,737 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Banco Santander by 10.1% in the 2nd quarter. Bank of America Corp DE now owns 10,944,035 shares of the bank’s stock valued at $58,441,000 after purchasing an additional 999,509 shares in the last quarter. Finally, South Texas Money Management Ltd. increased its stake in shares of Banco Santander by 3.9% in the 2nd quarter. South Texas Money Management Ltd. now owns 4,087,761 shares of the bank’s stock valued at $21,829,000 after purchasing an additional 153,778 shares in the last quarter. Hedge funds and other institutional investors own 1.57% of the company’s stock.

About Banco Santander

Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.

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