INCA Investments LLC Sells 848,663 Shares of Banco Santander Chile (NYSE:BSAC)

INCA Investments LLC lessened its stake in shares of Banco Santander Chile (NYSE:BSAC - Free Report) by 55.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 682,569 shares of the bank's stock after selling 848,663 shares during the quarter. Banco Santander Chile makes up about 7.1% of INCA Investments LLC's portfolio, making the stock its 6th biggest position. INCA Investments LLC owned approximately 0.14% of Banco Santander Chile worth $15,563,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Banco Santander Chile by 1.6% in the 4th quarter. JPMorgan Chase & Co. now owns 3,988,659 shares of the bank's stock worth $75,226,000 after acquiring an additional 61,242 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Banco Santander Chile by 21.4% in the 4th quarter. Renaissance Technologies LLC now owns 659,627 shares of the bank's stock valued at $12,441,000 after purchasing an additional 116,200 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of 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 acquiring an additional 55,061 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Banco Santander Chile by 0.3% during the fourth 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 in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Banco Santander Chile by 44.9% during the fourth 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 own 6.42% of the company's stock.

Banco Santander Chile Stock Up 0.0%

NYSE:BSAC traded up $0.01 during trading hours on Thursday, hitting $25.13. The company's stock had a trading volume of 331,486 shares, compared to its average volume of 325,750. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 2.61. Banco Santander Chile has a 52-week low of $18.19 and a 52-week high of $25.53. The stock has a market capitalization of $11.84 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 0.73 and a beta of 0.68. The stock has a fifty day moving average of $24.60 and a 200-day moving average of $22.44.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The bank reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.06. The business 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 23.00% and a return on equity of 21.48%. On average, equities analysts forecast that Banco Santander Chile will post 2.07 earnings per share for the current year.

Banco Santander Chile Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BSAC. Bank of America cut Banco Santander Chile from a "neutral" rating to an "underperform" rating and set a $24.00 target price on the stock. in a report on Thursday, May 1st. UBS Group boosted their target price on Banco Santander Chile from $20.00 to $24.00 and gave the company a "neutral" rating in a research report on Monday, June 2nd. Finally, Wall Street Zen lowered Banco Santander Chile from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $23.00.

Banco Santander Chile Company Profile

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.