Point72 Asset Management L.P. Makes New $902,000 Investment in Banco Santander-Chile (NYSE:BSAC)

Point72 Asset Management L.P. purchased a new stake in Banco Santander-Chile (NYSE:BSAC) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 43,459 shares of the bank’s stock, valued at approximately $902,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Mirabella Financial Services LLP acquired a new stake in Banco Santander-Chile in the 3rd quarter valued at approximately $700,000. AGF Management Ltd. grew its stake in shares of Banco Santander-Chile by 6.5% during the 2nd quarter. AGF Management Ltd. now owns 402,781 shares of the bank’s stock worth $7,584,000 after acquiring an additional 24,697 shares in the last quarter. Itau Unibanco Holding S.A. raised its holdings in shares of Banco Santander-Chile by 900.5% in the second quarter. Itau Unibanco Holding S.A. now owns 165,285 shares of the bank’s stock valued at $3,107,000 after purchasing an additional 148,764 shares during the last quarter. RWC Asset Management LLP lifted its position in shares of Banco Santander-Chile by 60.5% in the second quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock worth $14,999,000 after purchasing an additional 300,257 shares in the last quarter. Finally, abrdn plc boosted its holdings in Banco Santander-Chile by 76.4% during the third quarter. abrdn plc now owns 861,295 shares of the bank’s stock worth $18,036,000 after purchasing an additional 372,936 shares during the last quarter. 6.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Banco Santander-Chile from a “sell” rating to a “neutral” rating and lifted their price target for the company from $18.00 to $21.00 in a research note on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Banco Santander-Chile has a consensus rating of “Hold” and an average price target of $21.50.

Banco Santander-Chile Stock Down 0.3 %

BSAC stock opened at $19.34 on Wednesday. The company has a market cap of $9.11 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 0.40 and a beta of 0.87. Banco Santander-Chile has a twelve month low of $17.73 and a twelve month high of $21.43. The business has a 50 day moving average price of $19.66 and a two-hundred day moving average price of $19.74. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70.

About Banco Santander-Chile

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