Vanguard Group Inc. Has $36.83 Million Position in Banco Santander Chile $BSAC

Key Points

• Vanguard Group Inc. has reduced its holdings in Banco Santander Chile by 4.1%, selling 69,494 shares to hold a total of 1,615,350 shares worth $36.83 million.
• Several institutional investors, including Tower Research Capital and GAMMA Investing LLC, have significantly increased their stakes in Banco Santander Chile, showcasing a mixed sentiment towards the bank.
• Banco Santander Chile's stock received downgrades from analysts, with Bank of America and Wall Street Zen adjusting their ratings, while UBS targeted a price increase to $24.00.

Vanguard Group Inc. cut its position in shares of Banco Santander Chile (NYSE:BSAC - Free Report) by 4.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,615,350 shares of the bank's stock after selling 69,494 shares during the quarter. Vanguard Group Inc. owned 0.34% of Banco Santander Chile worth $36,830,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BSAC. RWC Asset Management LLP lifted its stake in Banco Santander Chile by 45.3% during the first quarter. RWC Asset Management LLP now owns 826,754 shares of the bank's stock valued at $18,850,000 after buying an additional 257,895 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Banco Santander Chile by 247.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 274,114 shares of the bank's stock worth $5,170,000 after purchasing an additional 195,189 shares during the period. Northern Trust Corp boosted its holdings in shares of Banco Santander Chile by 123.1% during the fourth quarter. Northern Trust Corp now owns 147,392 shares of the bank's stock worth $2,780,000 after purchasing an additional 81,322 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Banco Santander Chile by 46.1% during the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 167,091 shares of the bank's stock worth $3,151,000 after purchasing an additional 52,714 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in shares of Banco Santander Chile by 63.3% during the fourth quarter. Two Sigma Advisers LP now owns 115,841 shares of the bank's stock worth $2,185,000 after purchasing an additional 44,900 shares during the period. 6.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on BSAC shares. UBS Group raised their price target on shares of Banco Santander Chile from $20.00 to $24.00 and gave the stock a "neutral" rating in a report on Monday, June 2nd. Wall Street Zen cut shares of Banco Santander Chile from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Reduce" and an average target price of $24.00.

Banco Santander Chile Stock Performance

BSAC traded up $0.04 during midday trading on Friday, reaching $24.01. The company's stock had a trading volume of 184,630 shares, compared to its average volume of 279,578. Banco Santander Chile has a twelve month low of $18.19 and a twelve month high of $25.53. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 2.61. The stock has a market cap of $11.31 billion, a P/E ratio of 10.00, a PEG ratio of 0.90 and a beta of 0.67. The company has a fifty day simple moving average of $23.98 and a 200 day simple moving average of $23.66.

Banco Santander Chile (NYSE:BSAC - Get Free Report) last announced its earnings results on Thursday, July 31st. The bank reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.02). The company had revenue of $757.38 million for the quarter, compared to the consensus estimate of $758.17 million. Banco Santander Chile had a return on equity of 22.21% and a net margin of 24.32%. Research analysts expect that Banco Santander Chile will post 2.07 earnings per share for the current year.

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.