Point72 Asset Management L.P. Has $1.56 Million Stock Holdings in Banco Santander-Chile (NYSE:BSAC)

Point72 Asset Management L.P. lifted its stake in Banco Santander-Chile (NYSE:BSAC - Free Report) by 90.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,700 shares of the bank's stock after purchasing an additional 39,241 shares during the period. Point72 Asset Management L.P.'s holdings in Banco Santander-Chile were worth $1,560,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Atlas Capital Advisors Inc. lifted its holdings in Banco Santander-Chile by 12.3% during the fourth quarter. Atlas Capital Advisors Inc. now owns 7,897 shares of the bank's stock worth $149,000 after acquiring an additional 863 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Banco Santander-Chile by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank's stock worth $58,000 after acquiring an additional 903 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in 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. Tower Research Capital LLC TRC lifted its holdings in Banco Santander-Chile by 601.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,810 shares of the bank's stock worth $34,000 after acquiring an additional 1,552 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Banco Santander-Chile by 11.0% in the fourth quarter. Blue Trust Inc. now owns 18,415 shares of the bank's stock valued at $382,000 after purchasing an additional 1,831 shares in the last quarter. 6.42% of the stock is currently owned by institutional investors.

Banco Santander-Chile Stock Down 0.5%

BSAC traded down $0.12 on Tuesday, hitting $24.92. 90,373 shares of the company were exchanged, compared to its average volume of 300,936. Banco Santander-Chile has a 12 month low of $18.19 and a 12 month high of $25.53. The company has a market cap of $11.74 billion, a PE ratio of 12.88, a PEG ratio of 0.96 and a beta of 0.67. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79. The stock's fifty day moving average is $23.67 and its 200-day moving average is $21.43.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The bank reported $0.61 EPS for the quarter, beating 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 company had revenue of $767.62 million for the quarter, compared to the consensus estimate of $717.38 billion. Equities research 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 announced an annual dividend, which was paid on Tuesday, May 6th. Stockholders of record on Wednesday, April 23rd were given a $1.349 dividend. This is an increase from Banco Santander-Chile's previous annual dividend of $1.25. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a dividend yield of 4.8%. Banco Santander-Chile's dividend payout ratio is presently 43.23%.

Wall Street Analyst Weigh In

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

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.