RWC Asset Management LLP Has $18.85 Million Stock Position 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 increased its holdings in shares of Banco Santander Chile (NYSE:BSAC - Free Report) by 45.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 826,754 shares of the bank's stock after acquiring an additional 257,895 shares during the quarter. RWC Asset Management LLP owned about 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 and hedge funds have also recently bought and sold shares of BSAC. Advisors Preferred LLC raised its stake in shares of Banco Santander Chile by 2,389.8% in the 1st quarter. Advisors Preferred LLC now owns 29,056 shares of the bank's stock valued at $681,000 after acquiring an additional 27,889 shares during the period. Ballentine Partners LLC increased its stake in Banco Santander Chile by 41.0% during the 1st quarter. Ballentine Partners LLC now owns 14,894 shares of the bank's stock worth $340,000 after buying an additional 4,330 shares during the period. Genus Capital Management Inc. increased its stake in Banco Santander Chile by 200.0% during the 1st quarter. Genus Capital Management Inc. now owns 11,200 shares of the bank's stock worth $255,000 after buying an additional 22,400 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Banco Santander Chile during the 1st quarter worth approximately $206,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Banco Santander Chile by 6.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 67,669 shares of the bank's stock worth $1,543,000 after acquiring an additional 4,000 shares in the last quarter. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Chile Price Performance

NYSE:BSAC traded down $0.38 during mid-day trading on Wednesday, hitting $22.91. 183,590 shares of the company's stock traded hands, compared to its average volume of 369,589. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.76 and a current ratio of 1.76. The firm's 50 day simple moving average is $24.39 and its 200 day simple moving average is $23.11. Banco Santander Chile has a 1 year low of $18.19 and a 1 year high of $25.53. The company has a market cap of $10.79 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 0.67 and a beta of 0.68.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last released its earnings results 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. The business had revenue of $767.62 million for the quarter, compared to analysts' expectations of $717.38 billion. Banco Santander Chile had a net margin of 23.00% and a return on equity of 21.48%. Sell-side analysts expect that Banco Santander Chile will post 2.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BSAC shares. Wall Street Zen upgraded shares of Banco Santander Chile from a "hold" rating to a "buy" rating in a report on Friday, July 18th. 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 report on Thursday, May 1st. Finally, UBS Group upped 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Banco Santander Chile currently has a consensus rating of "Hold" and an average target price 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.