Banco Santander-Chile (BSAC) Position Trimmed by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in shares of Banco Santander-Chile (NASDAQ:BSAC) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 330,581 shares of the bank’s stock after selling 13,816 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Banco Santander-Chile worth $8,400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Aberdeen Asset Management PLC UK lifted its position in Banco Santander-Chile by 1.3% during the second quarter. Aberdeen Asset Management PLC UK now owns 23,294,310 shares of the bank’s stock worth $591,908,000 after buying an additional 290,600 shares during the period. AQR Capital Management LLC lifted its position in Banco Santander-Chile by 11.1% during the first quarter. AQR Capital Management LLC now owns 3,001,448 shares of the bank’s stock worth $75,276,000 after buying an additional 299,298 shares during the period. Vanguard Group Inc. lifted its position in Banco Santander-Chile by 10.2% during the first quarter. Vanguard Group Inc. now owns 1,923,488 shares of the bank’s stock worth $48,241,000 after buying an additional 178,061 shares during the period. William Blair Investment Management LLC lifted its position in Banco Santander-Chile by 18.5% during the second quarter. William Blair Investment Management LLC now owns 1,830,077 shares of the bank’s stock worth $46,502,000 after buying an additional 285,115 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Banco Santander-Chile by 30.1% during the first quarter. Renaissance Technologies LLC now owns 1,624,527 shares of the bank’s stock worth $40,743,000 after buying an additional 375,600 shares during the period.

ILLEGAL ACTIVITY NOTICE: “Banco Santander-Chile (BSAC) Position Trimmed by New York State Common Retirement Fund” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/10/banco-santander-chile-bsac-position-trimmed-by-new-york-state-common-retirement-fund.html.

Several equities analysts recently weighed in on BSAC shares. Zacks Investment Research upgraded Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Wednesday, July 12th. BidaskClub upgraded Banco Santander-Chile from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Scotia Howard Weill upgraded Banco Santander-Chile from a “sector perform” rating to an “outperform” rating in a research note on Friday, August 25th. Finally, UBS AG lowered Banco Santander-Chile from a “neutral” rating to a “sell” rating and upped their price target for the stock from $24.00 to $27.00 in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $27.00.

Shares of Banco Santander-Chile (BSAC) opened at 30.29 on Tuesday. The firm has a market capitalization of $14.27 billion and a price-to-earnings ratio of 15.15. The firm’s 50-day moving average price is $29.61 and its 200 day moving average price is $26.60. Banco Santander-Chile has a 52 week low of $20.22 and a 52 week high of $30.78.

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. The firm had revenue of $704.02 million during the quarter, compared to analysts’ expectations of $458.92 million. Banco Santander-C

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Aberdeen Asset Management PLC UK lifted its position in Banco Santander-Chile by 1.3% during the second quarter. Aberdeen Asset Management PLC UK now owns 23,294,310 shares of the bank’s stock worth $591,908,000 after buying an additional 290,600 shares during the period. AQR Capital Management LLC lifted its position in Banco Santander-Chile by 11.1% during the first quarter. AQR Capital Management LLC now owns 3,001,448 shares of the bank’s stock worth $75,276,000 after buying an additional 299,298 shares during the period. Vanguard Group Inc. lifted its position in Banco Santander-Chile by 10.2% during the first quarter. Vanguard Group Inc. now owns 1,923,488 shares of the bank’s stock worth $48,241,000 after buying an additional 178,061 shares during the period. William Blair Investment Management LLC lifted its position in Banco Santander-Chile by 18.5% during the second quarter. William Blair Investment Management LLC now owns 1,830,077 shares of the bank’s stock worth $46,502,000 after buying an additional 285,115 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Banco Santander-Chile by 30.1% during the first quarter. Renaissance Technologies LLC now owns 1,624,527 shares of the bank’s stock worth $40,743,000 after buying an additional 375,600 shares during the period.

ILLEGAL ACTIVITY NOTICE: “Banco Santander-Chile (BSAC) Position Trimmed by New York State Common Retirement Fund” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/10/banco-santander-chile-bsac-position-trimmed-by-new-york-state-common-retirement-fund.html.

Several equities analysts recently weighed in on BSAC shares. Zacks Investment Research upgraded Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Wednesday, July 12th. BidaskClub upgraded Banco Santander-Chile from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Scotia Howard Weill upgraded Banco Santander-Chile from a “sector perform” rating to an “outperform” rating in a research note on Friday, August 25th. Finally, UBS AG lowered Banco Santander-Chile from a “neutral” rating to a “sell” rating and upped their price target for the stock from $24.00 to $27.00 in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $27.00.

Shares of Banco Santander-Chile (BSAC) opened at 30.29 on Tuesday. The firm has a market capitalization of $14.27 billion and a price-to-earnings ratio of 15.15. The firm’s 50-day moving average price is $29.61 and its 200 day moving average price is $26.60. Banco Santander-Chile has a 52 week low of $20.22 and a 52 week high of $30.78.

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. The firm had revenue of $704.02 million during the quarter, compared to analysts’ expectations of $458.92 million. Banco Santander-Chile had a return on equity of 20.58% and a net margin of 29.10%. During the same quarter last year, the firm earned $0.40 earnings per share. On average, analysts anticipate that Banco Santander-Chile will post $1.81 EPS for the current year.

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

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