INCA Investments LLC Has $36.96 Million Stake in Banco Santander-Chile (NYSE:BSAC)

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INCA Investments LLC lifted its holdings in shares of Banco Santander-Chile (NYSE:BSAC) by 30.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,235,254 shares of the bank’s stock after acquiring an additional 286,557 shares during the quarter. Banco Santander-Chile makes up 6.5% of INCA Investments LLC’s portfolio, making the stock its 10th biggest position. INCA Investments LLC owned 0.26% of Banco Santander-Chile worth $36,959,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in shares of Banco Santander-Chile by 29.6% during the first quarter. Advisors Asset Management Inc. now owns 3,849 shares of the bank’s stock valued at $115,000 after acquiring an additional 878 shares in the last quarter. Financial Gravity Wealth Inc. purchased a new stake in Banco Santander-Chile in the first quarter worth $200,000. SG Americas Securities LLC purchased a new stake in Banco Santander-Chile in the second quarter worth $216,000. Qtron Investments LLC purchased a new stake in Banco Santander-Chile in the first quarter worth $387,000. Finally, Marshall Wace North America L.P. purchased a new stake in Banco Santander-Chile in the first quarter worth $475,000. Institutional investors own 13.21% of the company’s stock.

Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Banco Santander-Chile from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. HSBC raised Banco Santander-Chile from a “reduce” rating to a “hold” rating in a research note on Thursday, July 18th. ValuEngine cut Banco Santander-Chile from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, Scotia Howard Weill raised Banco Santander-Chile from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 25th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $32.00.

NYSE BSAC opened at $28.02 on Thursday. Banco Santander-Chile has a 12 month low of $27.06 and a 12 month high of $33.32. The stock has a market capitalization of $13.01 billion, a PE ratio of 15.57, a P/E/G ratio of 1.23 and a beta of 0.61. The business has a fifty day moving average of $29.59. The company has a debt-to-equity ratio of 3.23, a quick ratio of 1.75 and a current ratio of 1.82.

Banco Santander-Chile Company Profile

Banco Santander-Chile provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, and Global Corporate Banking segments. The company offers checking accounts and savings products; consumer, auto, commercial, mortgage, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines.

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

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