D. E. Shaw & Co. Inc. Has $5.17 Million Stock Holdings in Banco Santander-Chile (NYSE:BSAC)

D. E. Shaw & Co. Inc. raised its position in shares of Banco Santander-Chile (NYSE:BSAC - Free Report) by 247.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 274,114 shares of the bank's stock after buying an additional 195,189 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.06% of Banco Santander-Chile worth $5,170,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Banco Santander-Chile by 1.6% during the fourth quarter. JPMorgan Chase & Co. now owns 3,988,659 shares of the bank's stock worth $75,226,000 after purchasing an additional 61,242 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Banco Santander-Chile by 21.4% during the fourth quarter. Renaissance Technologies LLC now owns 659,627 shares of the bank's stock worth $12,441,000 after acquiring an additional 116,200 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Banco Santander-Chile by 9.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 629,275 shares of the bank's stock valued at $11,868,000 after purchasing an additional 55,061 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Banco Santander-Chile by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 492,868 shares of the bank's stock worth $9,295,000 after purchasing an additional 1,307 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Banco Santander-Chile by 44.9% during the 4th quarter. Marshall Wace LLP now owns 365,478 shares of the bank's stock worth $6,893,000 after purchasing an additional 113,325 shares in the last quarter. Institutional investors and hedge funds own 6.42% of the company's stock.

Wall Street Analysts Forecast Growth

BSAC has been the subject of several recent research reports. Wall Street Zen cut Banco Santander-Chile from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Bank of America downgraded shares of Banco Santander-Chile from a "neutral" rating to an "underperform" rating and set a $24.00 target price for the company. in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Banco Santander-Chile currently has an average rating of "Hold" and an average price target of $22.33.

Banco Santander-Chile Stock Performance

BSAC stock traded down $0.05 during mid-day trading on Thursday, reaching $25.15. 29,103 shares of the stock traded hands, compared to its average volume of 300,486. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. The business has a 50-day moving average of $23.56 and a two-hundred day moving average of $21.30. The firm has a market capitalization of $11.85 billion, a PE ratio of 12.96, a P/E/G ratio of 0.96 and a beta of 0.67. Banco Santander-Chile has a 52 week low of $18.19 and a 52 week high of $25.53.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.06. The firm had revenue of $767.62 million during the quarter, compared to the consensus estimate of $717.38 billion. Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. As a group, equities analysts predict that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.

Banco Santander-Chile Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, May 6th. Shareholders of record on Wednesday, April 23rd were given a $1.349 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a dividend yield of 4.8%. This is an increase from Banco Santander-Chile's previous annual dividend of $1.25. Banco Santander-Chile's dividend payout ratio (DPR) is currently 43.23%.

About Banco Santander-Chile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.