American Century Companies Inc. Acquires 17,661 Shares of Banco Santander Chile $BSAC

Key Points

• American Century Companies Inc. increased its stake in Banco Santander Chile by 9.4%, acquiring 17,661 additional shares during the first quarter, bringing its total holdings to 206,469 shares valued at $4.7 million.
• Banco Santander Chile reported earnings per share (EPS) of $0.60 for the last quarter, missing expectations by $0.02, and had a net margin of 24.32% and return on equity of 22.21%.
• Several analysts have issued ratings changes, with UBS Group raising the price target to $24.00 and Wall Street Zen downgrading the stock from "buy" to "hold."

American Century Companies Inc. lifted its holdings in shares of Banco Santander Chile (NYSE:BSAC - Free Report) by 9.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 206,469 shares of the bank's stock after purchasing an additional 17,661 shares during the period. American Century Companies Inc.'s holdings in Banco Santander Chile were worth $4,707,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. RWC Asset Management LLP lifted its holdings in shares of Banco Santander Chile by 45.3% during the first quarter. RWC Asset Management LLP now owns 826,754 shares of the bank's stock worth $18,850,000 after purchasing an additional 257,895 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Banco Santander Chile by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 492,868 shares of the bank's stock valued at $9,295,000 after buying an additional 1,307 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Banco Santander Chile by 20.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 311,277 shares of the bank's stock valued at $7,097,000 after buying an additional 52,900 shares during the period. Bank of America Corp DE lifted its holdings in Banco Santander Chile by 8.2% in the fourth quarter. Bank of America Corp DE now owns 290,572 shares of the bank's stock valued at $5,480,000 after buying an additional 21,983 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Banco Santander Chile by 247.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 274,114 shares of the bank's stock valued at $5,170,000 after buying an additional 195,189 shares during the period. Institutional investors and hedge funds own 6.42% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Banco Santander Chile from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. UBS Group boosted their target price on shares of Banco Santander Chile from $20.00 to $24.00 and gave the company a "neutral" rating in a report on Monday, June 2nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $24.00.

Banco Santander Chile Stock Up 0.2%

Shares of NYSE BSAC traded up $0.06 during trading on Thursday, hitting $24.72. 27,355 shares of the company traded hands, compared to its average volume of 355,203. The business's fifty day moving average is $23.98 and its 200 day moving average is $23.69. Banco Santander Chile has a fifty-two week low of $18.19 and a fifty-two week high of $25.53. The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 0.91 and a beta of 0.75. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.76 and a current ratio of 1.76.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The bank reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). Banco Santander Chile had a net margin of 24.32% and a return on equity of 22.21%. The company had revenue of $757.38 million for the quarter, compared to analyst estimates of $758.17 million. Equities research analysts predict that Banco Santander Chile will post 2.07 earnings per share for the current fiscal year.

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.