Banco Santander Chile $BSAC Position Trimmed by RWC Asset Management LLP

RWC Asset Management LLP decreased its holdings in shares of Banco Santander Chile (NYSE:BSAC) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 806,568 shares of the bank’s stock after selling 44,300 shares during the period. Banco Santander Chile comprises about 1.2% of RWC Asset Management LLP’s portfolio, making the stock its 24th largest holding. RWC Asset Management LLP’s holdings in Banco Santander Chile were worth $25,092,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH bought a new position in shares of Banco Santander Chile during the third quarter worth about $597,000. Deprince Race & Zollo Inc. bought a new position in shares of Banco Santander Chile during the fourth quarter worth about $3,369,000. JPMorgan Chase & Co. grew its position in shares of Banco Santander Chile by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 3,113,470 shares of the bank’s stock worth $82,507,000 after acquiring an additional 17,119 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Banco Santander Chile by 13.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 136,278 shares of the bank’s stock worth $4,240,000 after acquiring an additional 16,326 shares during the last quarter. Finally, UBS Group AG grew its position in shares of Banco Santander Chile by 69.4% during the fourth quarter. UBS Group AG now owns 78,855 shares of the bank’s stock worth $2,453,000 after acquiring an additional 32,297 shares during the last quarter. Institutional investors own 6.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on BSAC. Morgan Stanley set a $38.00 price target on shares of Banco Santander Chile in a research report on Wednesday, March 11th. UBS Group lowered their price target on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Bank of America upgraded shares of Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a research report on Wednesday, April 1st. JPMorgan Chase & Co. upgraded shares of Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 price target for the company in a research report on Monday, March 30th. Finally, Erste Group Bank upgraded shares of Banco Santander Chile to a “strong-buy” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Banco Santander Chile presently has an average rating of “Hold” and an average price target of $36.00.

Banco Santander Chile Stock Performance

Shares of BSAC opened at $30.06 on Monday. The firm has a 50-day moving average price of $32.39 and a 200 day moving average price of $32.56. The firm has a market capitalization of $14.16 billion, a PE ratio of 12.96, a P/E/G ratio of 0.71 and a beta of 0.52. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 2.26. Banco Santander Chile has a 52-week low of $22.77 and a 52-week high of $37.72.

Banco Santander Chile (NYSE:BSAC) last announced its earnings results on Monday, April 13th. The bank reported $0.63 earnings per share (EPS) for the quarter. The firm had revenue of $791.52 million during the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.00%. On average, sell-side analysts anticipate that Banco Santander Chile will post 2.85 earnings per share for the current fiscal year.

Banco Santander Chile 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.