Russell Investments Group Ltd. Has $15.91 Million Stake in Banco Santander-Chile (NASDAQ:BSAC)
Russell Investments Group Ltd. decreased its position in Banco Santander-Chile (NASDAQ:BSAC) by 7.9% during the second quarter, Holdings Channel reports. The firm owned 626,177 shares of the bank’s stock after selling 53,574 shares during the period. Russell Investments Group Ltd.’s holdings in Banco Santander-Chile were worth $15,910,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Huntington National Bank boosted its stake in shares of Banco Santander-Chile by 4.7% in the second quarter. Huntington National Bank now owns 4,757 shares of the bank’s stock worth $121,000 after buying an additional 212 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of Banco Santander-Chile by 24.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,879 shares of the bank’s stock worth $122,000 after buying an additional 967 shares during the period. FNY Partners Fund LP bought a new stake in shares of Banco Santander-Chile during the first quarter worth $125,000. Global X Management Co. LLC boosted its stake in shares of Banco Santander-Chile by 27.4% in the first quarter. Global X Management Co. LLC now owns 7,497 shares of the bank’s stock worth $188,000 after buying an additional 1,612 shares during the period. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of Banco Santander-Chile during the first quarter worth $224,000.
Banco Santander-Chile (NASDAQ:BSAC) traded down 1.28% during midday trading on Thursday, reaching $29.23. The company’s stock had a trading volume of 78,386 shares. The stock’s 50-day moving average price is $26.65 and its 200 day moving average price is $24.43. Banco Santander-Chile has a 1-year low of $20.22 and a 1-year high of $30.02. The firm has a market capitalization of $13.77 billion and a PE ratio of 18.27.
Banco Santander-Chile (NASDAQ:BSAC) last released its earnings results on Friday, July 28th. The bank reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. Banco Santander-Chile had a return on equity of 20.58% and a net margin of 29.10%. The firm had revenue of $704.02 million during the quarter, compared to analysts’ expectations of $458.92 million. During the same period in the previous year, the firm posted $0.40 EPS. Equities analysts anticipate that Banco Santander-Chile will post $1.77 EPS for the current fiscal year.
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A number of equities research analysts recently weighed in on the company. BidaskClub upgraded Banco Santander-Chile from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. Zacks Investment Research cut Banco Santander-Chile from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) upped their price objective on Banco Santander-Chile from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $25.25.
About Banco Santander-Chile
Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.
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