RWC Asset Management LLP Raises Stake in Banco Santander Chile (NYSE:BSAC)

Key Points

• RWC Asset Management LLP increased its holdings in Banco Santander Chile by 45.3%, acquiring an additional 257,895 shares, and now owns approximately 0.18% of the bank's stock valued at $18.85 million.
• Multiple institutional investors have also modified their positions in Banco Santander Chile, with 6.42% of the company's stock now owned by institutional investors overall.
• Analysts have mixed views on Banco Santander Chile, with one upgrade to a "buy" rating and a downgrade by Bank of America to "underperform," reflecting a range of sentiment around the stock's performance.

RWC Asset Management LLP lifted its stake in Banco Santander Chile (NYSE:BSAC - Free Report) by 45.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 826,754 shares of the bank's stock after purchasing an additional 257,895 shares during the period. RWC Asset Management LLP owned 0.18% of Banco Santander Chile worth $18,850,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. grew its position 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 valued at $75,226,000 after acquiring an additional 61,242 shares during the last quarter. Renaissance Technologies LLC lifted its stake in 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 purchasing an additional 116,200 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Banco Santander Chile by 9.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 629,275 shares of the bank's stock worth $11,868,000 after acquiring an additional 55,061 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Banco Santander Chile by 0.3% during the 4th 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 lifted its position in 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 acquiring an additional 113,325 shares during the period. Hedge funds and other institutional investors own 6.42% of the company's stock.

Banco Santander Chile Stock Performance

Shares of BSAC stock traded up $0.10 during mid-day trading on Thursday, reaching $22.98. The stock had a trading volume of 141,912 shares, compared to its average volume of 367,979. The firm has a market cap of $10.82 billion, a PE ratio of 10.03, a P/E/G ratio of 0.67 and a beta of 0.68. Banco Santander Chile has a one year low of $18.19 and a one year high of $25.53. The firm's 50 day simple moving average is $24.35 and its 200 day simple moving average is $23.11. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 2.61.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last released its earnings results on Thursday, July 31st. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Banco Santander Chile had a return on equity of 21.48% and a net margin of 23.00%. On average, analysts forecast that Banco Santander Chile will post 2.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on BSAC shares. Bank of America cut 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 note on Thursday, May 1st. Wall Street Zen raised shares of Banco Santander Chile from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, UBS Group upped their price objective on Banco Santander Chile from $20.00 to $24.00 and gave the company a "neutral" rating in a research note on Monday, June 2nd.

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.