Banco Santander-Chile (BSAC) Shares Sold by Northern Trust Corp

Northern Trust Corp cut its stake in Banco Santander-Chile (NASDAQ:BSAC) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,838,560 shares of the bank’s stock after selling 6,666 shares during the quarter. Northern Trust Corp owned approximately 0.39% of Banco Santander-Chile worth $46,718,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Pinebridge Investments L.P. bought a new position in shares of Banco Santander-Chile in the second quarter valued at about $874,000. Financial Counselors Inc. raised its position in shares of Banco Santander-Chile by 2.8% in the second quarter. Financial Counselors Inc. now owns 12,623 shares of the bank’s stock valued at $321,000 after purchasing an additional 346 shares during the period. Aberdeen Asset Management PLC UK raised its position in shares of Banco Santander-Chile by 1.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 23,294,310 shares of the bank’s stock valued at $591,908,000 after purchasing an additional 290,600 shares during the period. Todd Asset Management LLC raised its position in shares of Banco Santander-Chile by 0.9% in the second quarter. Todd Asset Management LLC now owns 729,985 shares of the bank’s stock valued at $18,549,000 after purchasing an additional 6,470 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Banco Santander-Chile by 247.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 41,430 shares of the bank’s stock valued at $1,053,000 after purchasing an additional 29,500 shares during the period.

TRADEMARK VIOLATION NOTICE: This report was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/banco-santander-chile-bsac-shares-sold-by-northern-trust-corp.html.

A number of research firms recently commented on BSAC. BidaskClub lowered shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Zacks Investment Research raised shares of Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Wednesday, July 12th. Scotia Howard Weill raised shares of Banco Santander-Chile from a “sector perform” rating to an “outperform” rating in a research report on Friday, August 25th. Finally, UBS AG lowered shares of Banco Santander-Chile from a “neutral” rating to a “sell” rating and raised their price target for the stock from $24.00 to $27.00 in a research report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.00.

Banco Santander-Chile (BSAC) opened at 30.29 on Tuesday. The company’s 50-day moving average is $29.61 and its 200-day moving average is $26.60. The company has a market capitalization of $14.27 billion and a price-to-earnings ratio of 15.15. 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $

Several other institutional investors and hedge funds also recently modified their holdings of the company. Pinebridge Investments L.P. bought a new position in shares of Banco Santander-Chile in the second quarter valued at about $874,000. Financial Counselors Inc. raised its position in shares of Banco Santander-Chile by 2.8% in the second quarter. Financial Counselors Inc. now owns 12,623 shares of the bank’s stock valued at $321,000 after purchasing an additional 346 shares during the period. Aberdeen Asset Management PLC UK raised its position in shares of Banco Santander-Chile by 1.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 23,294,310 shares of the bank’s stock valued at $591,908,000 after purchasing an additional 290,600 shares during the period. Todd Asset Management LLC raised its position in shares of Banco Santander-Chile by 0.9% in the second quarter. Todd Asset Management LLC now owns 729,985 shares of the bank’s stock valued at $18,549,000 after purchasing an additional 6,470 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Banco Santander-Chile by 247.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 41,430 shares of the bank’s stock valued at $1,053,000 after purchasing an additional 29,500 shares during the period.

TRADEMARK VIOLATION NOTICE: This report was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/banco-santander-chile-bsac-shares-sold-by-northern-trust-corp.html.

A number of research firms recently commented on BSAC. BidaskClub lowered shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Zacks Investment Research raised shares of Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Wednesday, July 12th. Scotia Howard Weill raised shares of Banco Santander-Chile from a “sector perform” rating to an “outperform” rating in a research report on Friday, August 25th. Finally, UBS AG lowered shares of Banco Santander-Chile from a “neutral” rating to a “sell” rating and raised their price target for the stock from $24.00 to $27.00 in a research report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.00.

Banco Santander-Chile (BSAC) opened at 30.29 on Tuesday. The company’s 50-day moving average is $29.61 and its 200-day moving average is $26.60. The company has a market capitalization of $14.27 billion and a price-to-earnings ratio of 15.15. 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The business had revenue of $704.02 million for the quarter, compared to the consensus estimate of $458.92 million. Banco Santander-Chile had a net margin of 29.10% and a return on equity of 20.58%. During the same period in the prior year, the firm earned $0.40 earnings per share. On average, analysts expect that Banco Santander-Chile will post $1.81 earnings per share for the current fiscal year.

Banco Santander-Chile 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.

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

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