Principal Financial Group Inc. Acquires Shares of 169,728 Banco Santander Chile (BSAC)

Principal Financial Group Inc. acquired a new position in shares of Banco Santander Chile (NYSE:BSAC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 169,728 shares of the bank’s stock, valued at approximately $5,043,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global X Management Co. LLC boosted its stake in Banco Santander Chile by 1.4% during the second quarter. Global X Management Co. LLC now owns 7,605 shares of the bank’s stock worth $193,000 after acquiring an additional 108 shares in the last quarter. Stevens Capital Management LP bought a new position in Banco Santander Chile during the third quarter worth $286,000. Financial Counselors Inc. boosted its stake in Banco Santander Chile by 2.8% during the second quarter. Financial Counselors Inc. now owns 12,623 shares of the bank’s stock worth $321,000 after acquiring an additional 346 shares in the last quarter. Banco BTG Pactual S.A. bought a new position in Banco Santander Chile during the second quarter worth $369,000. Finally, Stifel Financial Corp boosted its stake in Banco Santander Chile by 8.0% during the second quarter. Stifel Financial Corp now owns 20,604 shares of the bank’s stock worth $522,000 after acquiring an additional 1,527 shares in the last quarter. Institutional investors own 21.75% of the company’s stock.

Several research analysts recently issued reports on BSAC shares. UBS lowered shares of Banco Santander Chile from a “neutral” rating to a “sell” rating and increased their target price for the stock from $24.00 to $27.00 in a research note on Tuesday, August 22nd. Scotia Howard Weill raised shares of Banco Santander Chile from a “sector perform” rating to an “outperform” rating in a research note on Friday, August 25th. BidaskClub lowered shares of Banco Santander Chile from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Banco Santander Chile from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Thursday, November 16th. Finally, Citigroup lowered shares of Banco Santander Chile from a “buy” rating to a “neutral” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.00.

Banco Santander Chile (BSAC) opened at $27.02 on Friday. Banco Santander Chile has a 12 month low of $21.21 and a 12 month high of $32.02. The firm has a market cap of $12,729.53, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.35 and a beta of 0.69. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 2.75.

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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.

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

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