JPMorgan Chase & Co. Grows Holdings in Banco Santander Chile $BSAC

JPMorgan Chase & Co. increased its stake in Banco Santander Chile (NYSE:BSAC) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,113,470 shares of the bank’s stock after buying an additional 17,119 shares during the period. JPMorgan Chase & Co. owned about 0.66% of Banco Santander Chile worth $82,507,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its holdings in Banco Santander Chile by 31.6% during the 2nd quarter. American Century Companies Inc. now owns 271,733 shares of the bank’s stock worth $6,853,000 after acquiring an additional 65,264 shares in the last quarter. Allianz Asset Management GmbH bought a new position in shares of Banco Santander Chile during the third quarter worth about $597,000. Robeco Institutional Asset Management B.V. grew its stake in Banco Santander Chile by 200.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 832,647 shares of the bank’s stock worth $22,065,000 after purchasing an additional 555,919 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in Banco Santander Chile by 462,111.1% in the second quarter. SBI Securities Co. Ltd. now owns 124,797 shares of the bank’s stock worth $3,147,000 after purchasing an additional 124,770 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Banco Santander Chile in the second quarter valued at about $983,000. 6.42% of the stock is owned by institutional investors and hedge funds.

Banco Santander Chile Trading Down 1.9%

Shares of BSAC opened at $35.45 on Tuesday. The firm has a fifty day moving average of $33.84 and a 200-day moving average of $29.56. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.84 and a quick ratio of 1.84. Banco Santander Chile has a 1 year low of $20.77 and a 1 year high of $37.72.

Banco Santander Chile (NYSE:BSAC) last issued its quarterly earnings data on Monday, February 9th. The bank reported $0.62 earnings per share for the quarter. Banco Santander Chile had a net margin of 24.57% and a return on equity of 23.25%. The firm had revenue of $740.07 million for the quarter. Equities analysts forecast that Banco Santander Chile will post 2.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. The Goldman Sachs Group downgraded Banco Santander Chile from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Wall Street Zen upgraded Banco Santander Chile from a “sell” rating to a “hold” rating in a research note on Saturday. UBS Group lifted their price objective on shares of Banco Santander Chile from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a report on Wednesday, January 21st. Finally, Citigroup downgraded shares of Banco Santander Chile from a “buy” rating to a “hold” rating in a research report on Friday, November 7th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Banco Santander Chile has an average rating of “Reduce” and a consensus price target of $27.67.

Banco Santander Chile Profile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.