Banco Santander Chile $BSAC Position Raised by TT International Asset Management LTD

TT International Asset Management LTD raised its stake in shares of Banco Santander Chile (NYSE:BSAC) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 645,909 shares of the bank’s stock after buying an additional 28,778 shares during the period. Banco Santander Chile accounts for approximately 2.4% of TT International Asset Management LTD’s portfolio, making the stock its 12th biggest holding. TT International Asset Management LTD owned 0.14% of Banco Santander Chile worth $21,548,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC boosted its stake in shares of Banco Santander Chile by 8.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 7,645 shares of the bank’s stock worth $255,000 after acquiring an additional 618 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Banco Santander Chile by 63.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,688 shares of the bank’s stock valued at $56,000 after acquiring an additional 653 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Banco Santander Chile by 6.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,629 shares of the bank’s stock valued at $388,000 after acquiring an additional 755 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Banco Santander Chile by 13.0% in the 2nd quarter. QRG Capital Management Inc. now owns 7,245 shares of the bank’s stock valued at $239,000 after acquiring an additional 833 shares in the last quarter. Finally, Novem Group raised its stake in shares of Banco Santander Chile by 2.8% in the 3rd quarter. Novem Group now owns 32,669 shares of the bank’s stock valued at $1,090,000 after acquiring an additional 896 shares in the last quarter. Institutional investors and hedge funds own 6.42% of the company’s stock.

Banco Santander Chile Stock Performance

NYSE:BSAC opened at $31.86 on Wednesday. The firm’s 50-day moving average is $33.49 and its 200-day moving average is $33.42. Banco Santander Chile has a 52-week low of $28.27 and a 52-week high of $37.72. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.48 and a current ratio of 1.72. The company has a market cap of $15.01 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 0.78 and a beta of 0.58.

Banco Santander Chile (NYSE:BSAC) last released its earnings results on Tuesday, October 13th. The bank reported $0.52 earnings per share for the quarter. Banco Santander Chile had a net margin of 26.85% and a return on equity of 23.55%. The business had revenue of $720.33 million during the quarter. Equities research analysts anticipate that Banco Santander Chile will post 2.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BSAC has been the subject of several analyst reports. Weiss Ratings upgraded Banco Santander Chile from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Zacks Research cut Banco Santander Chile from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. The Goldman Sachs Group increased their price target on Banco Santander Chile from $29.00 to $33.00 and gave the company a “sell” rating in a report on Thursday, July 16th. Wall Street Zen raised shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Banco Santander Chile from $43.00 to $39.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $35.20.

Banco Santander Chile Company Profile

Banco Santander Chile (NYSE: BSAC) is a commercial bank headquartered in Santiago, Chile. It provides banking and financial services to individuals, small and midsize businesses, corporations, and institutional clients throughout Chile. The bank operates as part of the global Santander Group, headquartered in Spain.

Its products and services include checking and savings accounts, credit and debit cards, consumer and residential mortgage loans, commercial lending, working-capital financing, and other forms of credit.