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Published: Fri, April 28, 2017
Economy | By Melissa Porter

Santander posts 14% profit rise on Brazilian strength in first quarter

Santander posts 14% profit rise on Brazilian strength in first quarter

Several other institutional investors have also bought and sold shares of SAN. Russell Investments Group Ltd. bought a new stake in Banco Santander-Chile during the fourth quarter valued at approximately $15,787,000. The Beta factor for the stock is listed at 1.17.

"Our ROE will get even closer to theirs in coming quarters, without putting at risk our credit risk view", Rial said at an event to discuss quarterly results, noting that he expects the industry to lower loan-loss provisions in coming quarters. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share. Comparatively, BSBR posted earnings of $0.07 per share in the same quarter, a year earlier. Insiders own 0.70% of the company shares. Since taking the helm of Brazil's No. 4 listed bank in September 2015, Rial set as a top priority cutting Santander Brasil's profitability gap with rivals Itaú Unibanco Holding SA and Banco Bradesco SA. (NYSE:SAN) traded down 0.78% during trading on Wednesday, reaching $6.50. Shares in Madrid, its main listing, were marked rose 0.5% lower at €6.01 each in the opening hour of trading.

Profit from its banking activity in Spain, its third largest market, rose 18 percent thanks to greater fees from its high-yielding flagship 1-2-3 current account. The share price has moved backward from its 20 days moving average, trading at a distance of -2.34% and stays -16.59% away from its 50 days moving average.

Let's also take a brief look at the stock price in relation to some highs/lows and moving averages. The Company dividend yield observed at 1.59%. Stockholders of record on Friday, March 17th were issued a $1.756 dividend. This is a positive change from Banco Santander, 's previous dividend of $0.04. The ex-dividend date of this dividend is Thursday, May 4th.

COPYRIGHT VIOLATION NOTICE: "Envestnet Asset Management Inc".

Santander UK said that profits fell to 8% when they were converted to euros for owner Banco Santander due to the weak pound following Brexit. If you are viewing this report on another publication, it was stolen and republished in violation of United States & worldwide copyright and trademark laws. The correct version of this article can be read at https://www.chaffeybreeze.com/2017/04/26/envestnet-asset-management-inc-raises-position-in-banco-santander-s-a-san-updated-updated.html.

BSAC has been the topic of a number of research reports. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Banco Santander, in a research report on Thursday, April 20th.

04/30/2015 - Banco De Chile had its "sell" rating reiterated by analysts at Zacks. The mean rating score for this stock is at 2.00.

Banco Santander (Brasil) S.A. (BSBR) has a market capitalization of 30.06 Billion.

Price targets show what analysts believes a stock will be worth at the end of a certain time period.

The boss of Banco Santander says he is now confident there will be "less direct impact" on its United Kingdom arm from Brexit than the bank originally feared.

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