TT International Asset Management LTD Has $17 Million Stake in Banco Santander Chile $BSAC

Key Points

• TT International Asset Management cut its stake in Banco Santander Chile by 40.9% in Q4 to 550,315 shares worth $16.999 million, about 3.6% of the firm's portfolio and its 12th largest holding.
• Analyst coverage is mixed but cautious: the consensus rating is "Hold" with an average price target of $35.50, amid upgrades like Bank of America (to neutral, $35) and downgrades such as Goldman Sachs (to strong sell).
• Banco Santander Chile trades with a market cap of $16.57 billion and a P/E of 15.29, reported $0.62 EPS for the quarter, and has a 12‑month range of $21.73 to $37.72.

TT International Asset Management LTD decreased its stake in shares of Banco Santander Chile (NYSE:BSAC - Free Report) by 40.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 550,315 shares of the bank's stock after selling 381,187 shares during the quarter. Banco Santander Chile comprises approximately 3.6% of TT International Asset Management LTD's investment portfolio, making the stock its 12th largest holding. TT International Asset Management LTD's holdings in Banco Santander Chile were worth $16,999,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in shares of Banco Santander Chile by 457.1% in the 1st quarter. AQR Capital Management LLC now owns 107,076 shares of the bank's stock worth $2,441,000 after purchasing an additional 87,856 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Banco Santander Chile by 140.0% in the 1st quarter. Jane Street Group LLC now owns 47,222 shares of the bank's stock worth $1,077,000 after purchasing an additional 27,549 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Banco Santander Chile in the 1st quarter worth $240,000. Creative Planning lifted its holdings in shares of Banco Santander Chile by 19.1% in the 2nd quarter. Creative Planning now owns 16,854 shares of the bank's stock worth $425,000 after purchasing an additional 2,697 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Banco Santander Chile in the 2nd quarter worth $2,915,000. Institutional investors and hedge funds own 6.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Banco Santander Chile from a "sell" rating to a "hold" rating in a report on Saturday, February 21st. Weiss Ratings restated a "hold (c)" rating on shares of Banco Santander Chile in a research note on Wednesday, January 21st. Bank of America upgraded Banco Santander Chile from an "underperform" rating to a "neutral" rating and set a $35.00 price objective on the stock in a research note on Wednesday, April 1st. Morgan Stanley set a $38.00 price objective on Banco Santander Chile in a research note on Wednesday, March 11th. Finally, The Goldman Sachs Group cut Banco Santander Chile from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Banco Santander Chile has an average rating of "Hold" and an average target price of $35.50.

Banco Santander Chile Stock Performance

Shares of BSAC stock opened at $35.17 on Friday. The stock has a market capitalization of $16.57 billion, a P/E ratio of 15.29, a PEG ratio of 1.07 and a beta of 0.55. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.94. The firm's 50 day moving average is $33.78 and its 200 day moving average is $31.40. Banco Santander Chile has a 12 month low of $21.73 and a 12 month high of $37.72.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last announced its quarterly earnings results on Monday, February 9th. The bank reported $0.62 EPS for the quarter. The company had revenue of $740.07 million for the quarter. Banco Santander Chile had a net margin of 24.57% and a return on equity of 21.51%. On average, sell-side analysts anticipate that Banco Santander Chile will post 2.07 earnings per share for the current year.

About Banco Santander Chile

Banco Santander Chile NYSE: BSAC is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.

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