Banco Santander Chile $BSAC Stock: TT International Asset Management LTD Boosts Holdings

TT International Asset Management LTD boosted its holdings in shares of Banco Santander Chile (NYSE:BSAC) by 4.7% during the third quarter, Holdings Channel reports. The institutional investor owned 645,909 shares of the bank’s stock after acquiring an additional 28,778 shares during the quarter. Banco Santander Chile comprises about 2.4% of TT International Asset Management LTD’s investment portfolio, making the stock its 12th biggest position. TT International Asset Management LTD’s holdings in Banco Santander Chile were worth $21,548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its stake in shares of Banco Santander Chile by 8.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 7,645 shares of the bank’s stock valued at $255,000 after buying an additional 618 shares in the last quarter. EverSource Wealth Advisors LLC lifted 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 worth $56,000 after acquiring an additional 653 shares during the period. PNC Financial Services Group Inc. boosted its position 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 in the last quarter. QRG Capital Management Inc. boosted its position in shares of Banco Santander Chile by 13.0% during 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 increased its stake in Banco Santander Chile by 2.8% in the third quarter. Novem Group now owns 32,669 shares of the bank’s stock valued at $1,090,000 after acquiring an additional 896 shares during the period. Institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Stock Up 0.9%

Shares of BSAC opened at $31.86 on Wednesday. The company has a market capitalization of $15.01 billion, a P/E ratio of 11.97, a PEG ratio of 0.78 and a beta of 0.58. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.72 and a quick ratio of 0.48. Banco Santander Chile has a one year low of $28.27 and a one year high of $37.72. The business’s 50 day simple moving average is $33.49 and its 200-day simple moving average is $33.42.

Banco Santander Chile (NYSE:BSAC) last released its quarterly earnings results on Tuesday, October 13th. The bank reported $0.52 earnings per share for the quarter. Banco Santander Chile had a return on equity of 23.55% and a net margin of 26.85%. The firm had revenue of $720.33 million during the quarter. As a group, sell-side analysts predict that Banco Santander Chile will post 2.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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