Todd Asset Management LLC lifted its stake in shares of Banco Santander-Chile (NASDAQ:BSAC) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 729,985 shares of the bank’s stock after buying an additional 6,470 shares during the quarter. Todd Asset Management LLC owned approximately 0.15% of Banco Santander-Chile worth $18,549,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Macquarie Group Ltd. grew its position in shares of Banco Santander-Chile by 5.2% during the fourth quarter. Macquarie Group Ltd. now owns 36,570 shares of the bank’s stock worth $800,000 after buying an additional 1,800 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Banco Santander-Chile by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 9,924,349 shares of the bank’s stock worth $248,904,000 after buying an additional 940,607 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Banco Santander-Chile during the first quarter worth approximately $224,000. World Asset Management Inc grew its position in shares of Banco Santander-Chile by 1.5% during the first quarter. World Asset Management Inc now owns 29,348 shares of the bank’s stock worth $736,000 after buying an additional 445 shares in the last quarter. Finally, Comerica Bank grew its position in shares of Banco Santander-Chile by 1.3% during the first quarter. Comerica Bank now owns 27,055 shares of the bank’s stock worth $638,000 after buying an additional 352 shares in the last quarter.
Banco Santander-Chile (BSAC) opened at 29.58 on Friday. Banco Santander-Chile has a 12-month low of $20.22 and a 12-month high of $30.18. The firm has a 50-day moving average of $29.22 and a 200-day moving average of $25.79. The firm has a market cap of $13.94 billion and a P/E ratio of 18.49.
Banco Santander-Chile (NASDAQ:BSAC) last released its quarterly earnings data on Friday, July 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $704.02 million for the quarter, compared to analysts’ expectations of $458.92 million. During the same period in the previous year, the business posted $0.40 earnings per share. On average, analysts expect that Banco Santander-Chile will post $1.82 EPS for the current year.
A number of equities analysts have commented on BSAC shares. Scotia Howard Weill raised shares of Banco Santander-Chile from a “sector perform” rating to an “outperform” rating in a report on Friday, August 25th. BidaskClub downgraded shares of Banco Santander-Chile from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. UBS AG downgraded shares of Banco Santander-Chile from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $24.00 to $27.00 in a report on Tuesday, August 22nd. Finally, Zacks Investment Research downgraded shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.00.
Banco Santander-Chile Company 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.
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