JPMorgan Chase & Co. Has $82.51 Million Stake in Banco Santander Chile $BSAC

JPMorgan Chase & Co. boosted its holdings in Banco Santander Chile (NYSE:BSAC) by 0.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,113,470 shares of the bank’s stock after buying an additional 17,119 shares during the period. JPMorgan Chase & Co. owned approximately 0.66% of Banco Santander Chile worth $82,507,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Simplex Trading LLC acquired a new position in shares of Banco Santander Chile in the 2nd quarter valued at $25,000. Raymond James Financial Inc. acquired a new stake in shares of Banco Santander Chile during the second quarter worth $33,000. EverSource Wealth Advisors LLC grew its stake in shares of Banco Santander Chile by 577.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock worth $39,000 after purchasing an additional 1,329 shares during the period. Quadrant Capital Group LLC bought a new stake in Banco Santander Chile in the third quarter valued at about $152,000. Finally, Seldon Capital LP acquired a new position in Banco Santander Chile in the second quarter valued at about $200,000. Institutional investors and hedge funds own 6.42% of the company’s stock.

Banco Santander Chile Stock Performance

Shares of BSAC stock opened at $31.04 on Thursday. Banco Santander Chile has a 12 month low of $20.77 and a 12 month high of $37.72. The company’s fifty day simple moving average is $34.27 and its 200-day simple moving average is $30.52. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.77 and a quick ratio of 1.77.

Banco Santander Chile (NYSE:BSAC) last issued its quarterly earnings results on Monday, February 9th. The bank reported $0.62 earnings per share (EPS) for the quarter. Banco Santander Chile had a net margin of 24.57% and a return on equity of 21.51%. The firm had revenue of $740.07 million for the quarter. On average, research analysts predict that Banco Santander Chile will post 2.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on BSAC. The Goldman Sachs Group lowered Banco Santander Chile from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Morgan Stanley set a $38.00 target price on shares of Banco Santander Chile in a report on Wednesday, March 11th. Wall Street Zen raised shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Banco Santander Chile in a research note on Wednesday, January 21st. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $30.25.

Banco Santander Chile Company Profile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.