Jarislowsky Fraser Ltd Has $4.19 Million Position in Banco Santander, S.A. (SAN)

Jarislowsky Fraser Ltd increased its position in shares of Banco Santander, S.A. (NYSE:SAN) by 38.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 626,978 shares of the bank’s stock after buying an additional 172,816 shares during the period. Jarislowsky Fraser Ltd’s holdings in Banco Santander, were worth $4,194,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Keybank National Association OH bought a new stake in shares of Banco Santander, during the first quarter worth $114,000. Farmers & Merchants Investments Inc. raised its stake in shares of Banco Santander, by 2.5% in the first quarter. Farmers & Merchants Investments Inc. now owns 19,694 shares of the bank’s stock worth $120,000 after buying an additional 485 shares during the last quarter. Edgar Lomax Co. VA raised its stake in shares of Banco Santander, by 83.4% in the first quarter. Edgar Lomax Co. VA now owns 19,900 shares of the bank’s stock worth $122,000 after buying an additional 9,050 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of Banco Santander, by 183.5% in the first quarter. Proficio Capital Partners LLC now owns 19,732 shares of the bank’s stock worth $130,000 after buying an additional 12,773 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Banco Santander, by 22.8% in the first quarter. Signaturefd LLC now owns 23,936 shares of the bank’s stock worth $145,000 after buying an additional 4,448 shares during the last quarter. Institutional investors own 1.25% of the company’s stock.

Banco Santander, S.A. (SAN) traded down 0.77% during midday trading on Friday, hitting $6.47. 7,234,515 shares of the stock traded hands. Banco Santander, S.A. has a 12-month low of $4.08 and a 12-month high of $6.99. The firm has a market cap of $99.51 billion, a P/E ratio of 12.12 and a beta of 1.41. The company’s 50-day moving average is $6.73 and its 200 day moving average is $6.26.

Banco Santander, (NYSE:SAN) last issued its quarterly earnings results on Friday, July 28th. The bank reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The business had revenue of $13.10 billion for the quarter. Banco Santander, had a return on equity of 6.70% and a net margin of 14.98%. On average, analysts anticipate that Banco Santander, S.A. will post $0.49 EPS for the current fiscal year.

The firm also recently declared a None dividend, which was paid on Friday, August 11th. Stockholders of record on Thursday, August 3rd were given a dividend of $0.056 per share. The ex-dividend date of this dividend was Tuesday, August 1st. Banco Santander,’s dividend payout ratio is presently 37.50%.

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A number of equities research analysts recently weighed in on the stock. BidaskClub lowered shares of Banco Santander, from a “buy” rating to a “hold” rating in a report on Friday. Citigroup Inc. lowered shares of Banco Santander, from a “buy” rating to a “neutral” rating in a report on Tuesday, April 25th. Zacks Investment Research lowered shares of Banco Santander, from a “buy” rating to a “sell” rating in a report on Thursday. J P Morgan Chase & Co reiterated a “buy” rating on shares of Banco Santander, in a report on Thursday, April 20th. Finally, Bank of America Corporation upgraded shares of Banco Santander, from an “underperform” rating to a “neutral” rating in a report on Friday, June 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Banco Santander, currently has a consensus rating of “Buy” and an average price target of $16.63.

Banco Santander, Company Profile

Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.

Institutional Ownership by Quarter for Banco Santander, (NYSE:SAN)

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