Wells Fargo & Company MN lessened its holdings in Banco Santander-Chile (NASDAQ:BSAC) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,513,090 shares of the bank’s stock after selling 104,693 shares during the period. Wells Fargo & Company MN owned about 0.75% of Banco Santander-Chile worth $89,268,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BSAC. Profund Advisors LLC boosted its position in shares of Banco Santander-Chile by 102.6% in the first quarter. Profund Advisors LLC now owns 23,607 shares of the bank’s stock worth $592,000 after buying an additional 11,956 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Banco Santander-Chile in the first quarter worth $224,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Banco Santander-Chile by 27.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,930 shares of the bank’s stock worth $299,000 after buying an additional 2,580 shares during the period. BNP Paribas Arbitrage SA acquired a new stake in shares of Banco Santander-Chile in the first quarter worth $235,000. Finally, Comerica Bank boosted its position in shares of Banco Santander-Chile by 1.3% in the first quarter. Comerica Bank now owns 27,055 shares of the bank’s stock worth $638,000 after buying an additional 352 shares during the period.

A number of research firms recently issued reports on BSAC. Zacks Investment Research cut Banco Santander-Chile from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub raised Banco Santander-Chile from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Banco Santander-Chile currently has an average rating of “Hold” and an average target price of $27.00.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/09/13/banco-santander-chile-bsac-stake-lowered-by-wells-fargo-company-mn.html.

Shares of Banco Santander-Chile (NASDAQ BSAC) opened at 29.57 on Wednesday. The firm has a 50 day moving average price of $28.92 and a 200-day moving average price of $25.63. Banco Santander-Chile has a 12 month low of $20.22 and a 12 month high of $30.18. The firm has a market cap of $13.93 billion and a PE ratio of 18.48.

Banco Santander-Chile (NASDAQ:BSAC) last posted its quarterly earnings data on Friday, July 28th. The bank reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.05. Banco Santander-Chile had a net margin of 29.10% and a return on equity of 20.58%. The company had revenue of $704.02 million during the quarter, compared to the consensus estimate of $458.92 million. During the same period in the prior year, the business posted $0.40 EPS. On average, analysts predict that Banco Santander-Chile will post $1.82 EPS for the current fiscal year.

Banco Santander-Chile Profile

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.

Want to see what other hedge funds are holding BSAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Santander-Chile (NASDAQ:BSAC).

Institutional Ownership by Quarter for Banco Santander-Chile (NASDAQ:BSAC)

Receive News & Ratings for Banco Santander-Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander-Chile and related companies with MarketBeat.com's FREE daily email newsletter.