BlackRock Inc. reduced its stake in Banco Santander-Chile (NYSE:BSAC) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,107,139 shares of the bank’s stock after selling 79,568 shares during the period. BlackRock Inc.’s holdings in Banco Santander-Chile were worth $34,798,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BSAC. Jane Street Group LLC bought a new position in shares of Banco Santander-Chile during the first quarter valued at $210,000. Blackhawk Capital Partners LLC. lifted its holdings in shares of Banco Santander-Chile by 122.4% during the second quarter. Blackhawk Capital Partners LLC. now owns 10,528 shares of the bank’s stock valued at $331,000 after purchasing an additional 5,795 shares in the last quarter. Barclays PLC lifted its holdings in shares of Banco Santander-Chile by 8,247.9% during the first quarter. Barclays PLC now owns 13,941 shares of the bank’s stock valued at $467,000 after purchasing an additional 13,774 shares in the last quarter. UBS Group AG lifted its holdings in shares of Banco Santander-Chile by 30.0% during the first quarter. UBS Group AG now owns 27,190 shares of the bank’s stock valued at $911,000 after purchasing an additional 6,269 shares in the last quarter. Finally, Eqis Capital Management Inc. lifted its holdings in shares of Banco Santander-Chile by 187.9% during the second quarter. Eqis Capital Management Inc. now owns 55,228 shares of the bank’s stock valued at $1,736,000 after purchasing an additional 36,044 shares in the last quarter. 14.31% of the stock is currently owned by hedge funds and other institutional investors.
BSAC stock opened at $30.50 on Friday. Banco Santander-Chile has a fifty-two week low of $26.41 and a fifty-two week high of $35.09. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.21 and a beta of 0.76.
Banco Santander-Chile (NYSE:BSAC) last posted its earnings results on Thursday, July 26th. The bank reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.04). Banco Santander-Chile had a net margin of 22.71% and a return on equity of 18.49%. The firm had revenue of $717.19 million during the quarter, compared to the consensus estimate of $791.94 million. On average, equities analysts predict that Banco Santander-Chile will post 2.07 earnings per share for the current year.
A number of brokerages have recently issued reports on BSAC. Zacks Investment Research downgraded Banco Santander-Chile from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. JPMorgan Chase & Co. raised Banco Santander-Chile from a “neutral” rating to a “buy” rating and lowered their price target for the company from $35.00 to $34.00 in a report on Thursday, September 6th. Finally, ValuEngine downgraded Banco Santander-Chile from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $34.33.
Banco Santander-Chile Profile
Banco Santander-Chile provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, and Global Corporate Banking segments. The company offers checking accounts and savings products; consumer, auto, commercial, mortgage, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines.
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