Banco Santander-Chile (BSAC) Rating Increased to Buy at JPMorgan Chase & Co.
JPMorgan Chase & Co. upgraded shares of Banco Santander-Chile (NYSE:BSAC) from a neutral rating to a buy rating in a research report report published on Thursday morning, Marketbeat Ratings reports. They currently have $34.00 target price on the bank’s stock, down from their prior target price of $35.00.
A number of other research analysts have also recently weighed in on the stock. ValuEngine cut shares of Banco Santander-Chile from a buy rating to a hold rating in a research note on Wednesday, August 8th. Zacks Investment Research cut shares of Banco Santander-Chile from a buy rating to a hold rating in a research note on Tuesday, July 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $34.33.
BSAC opened at $30.43 on Thursday. 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 $14.37 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 1.19 and a beta of 0.83. Banco Santander-Chile has a twelve month low of $26.41 and a twelve month high of $35.09.
Several hedge funds and other institutional investors have recently bought and sold shares of BSAC. Schroder Investment Management Group raised its position in shares of Banco Santander-Chile by 53.8% in the second quarter. Schroder Investment Management Group now owns 4,078,000 shares of the bank’s stock valued at $128,334,000 after purchasing an additional 1,425,860 shares during the period. USS Investment Management Ltd raised its position in shares of Banco Santander-Chile by 13.9% in the first quarter. USS Investment Management Ltd now owns 1,642,174 shares of the bank’s stock valued at $54,282,000 after purchasing an additional 200,000 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Banco Santander-Chile by 14.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,155,759 shares of the bank’s stock valued at $36,330,000 after purchasing an additional 147,008 shares during the period. Ariel Investments LLC raised its position in shares of Banco Santander-Chile by 15.3% in the second quarter. Ariel Investments LLC now owns 863,364 shares of the bank’s stock valued at $27,136,000 after purchasing an additional 114,751 shares during the period. Finally, FMR LLC raised its position in shares of Banco Santander-Chile by 5.4% in the second quarter. FMR LLC now owns 2,148,837 shares of the bank’s stock valued at $67,538,000 after purchasing an additional 109,976 shares during the period. 14.35% of the stock is currently owned by institutional investors.
Banco Santander-Chile Company 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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