Northern Trust Corp Has $2.78 Million Position in Banco Santander-Chile (NYSE:BSAC)

Northern Trust Corp grew its holdings in Banco Santander-Chile (NYSE:BSAC - Free Report) by 123.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,392 shares of the bank's stock after purchasing an additional 81,322 shares during the period. Northern Trust Corp's holdings in Banco Santander-Chile were worth $2,780,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in shares of Banco Santander-Chile by 1.6% in the fourth quarter. JPMorgan Chase & Co. now owns 3,988,659 shares of the bank's stock valued at $75,226,000 after purchasing an additional 61,242 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Banco Santander-Chile by 21.4% in the fourth 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 lifted its holdings in shares of Banco Santander-Chile by 9.6% in 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings 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 acquiring an additional 1,307 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings 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 acquiring an additional 113,325 shares in the last quarter. Hedge funds and other institutional investors own 6.42% of the company's stock.

Banco Santander-Chile Stock Up 0.4%

Shares of NYSE:BSAC traded up $0.09 during midday trading on Thursday, hitting $24.50. 283,270 shares of the stock were exchanged, compared to its average volume of 302,183. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79. Banco Santander-Chile has a 52-week low of $18.19 and a 52-week high of $25.53. The business's fifty day simple moving average is $23.76 and its two-hundred day simple moving average is $21.51. The company has a market capitalization of $11.54 billion, a PE ratio of 12.63, a P/E/G ratio of 0.96 and a beta of 0.67.

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

Banco Santander-Chile Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wall Street Zen lowered Banco Santander-Chile from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Bank of America lowered Banco Santander-Chile from a "neutral" rating to an "underperform" rating and set a $24.00 price objective for the company. in a report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $22.33.

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.