Banco Santander-Chile (NYSE:BSAC) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group decreased its position in Banco Santander-Chile (NYSE:BSACFree Report) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,565,689 shares of the bank’s stock after selling 183,741 shares during the quarter. Schroder Investment Management Group’s holdings in Banco Santander-Chile were worth $88,985,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its holdings in shares of Banco Santander-Chile by 115.5% in the fourth quarter. Parallel Advisors LLC now owns 1,683 shares of the bank’s stock valued at $33,000 after purchasing an additional 902 shares during the period. Advisors Preferred LLC acquired a new position in Banco Santander-Chile in the 4th quarter valued at $181,000. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Banco Santander-Chile by 9.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,131 shares of the bank’s stock valued at $222,000 after acquiring an additional 1,033 shares in the last quarter. KBC Group NV increased its stake in shares of Banco Santander-Chile by 88.9% during the fourth quarter. KBC Group NV now owns 12,788 shares of the bank’s stock worth $249,000 after acquiring an additional 6,017 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Banco Santander-Chile by 9.7% during the fourth quarter. Russell Investments Group Ltd. now owns 17,618 shares of the bank’s stock worth $343,000 after purchasing an additional 1,551 shares in the last quarter. Institutional investors and hedge funds own 6.42% of the company’s stock.

Banco Santander-Chile Price Performance

BSAC stock traded down $0.51 during trading on Friday, hitting $18.89. The stock had a trading volume of 223,057 shares, compared to its average volume of 223,877. Banco Santander-Chile has a 1-year low of $16.89 and a 1-year high of $21.81. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 0.39 and a beta of 0.87. The company’s 50 day moving average price is $19.11 and its two-hundred day moving average price is $19.19. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.80 and a current ratio of 1.80.

Banco Santander-Chile (NYSE:BSACGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). The firm had revenue of $524.08 million for the quarter, compared to analysts’ expectations of $544.26 million. Banco Santander-Chile had a net margin of 9.58% and a return on equity of 9.62%. On average, sell-side analysts forecast that Banco Santander-Chile will post 1.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, lowered shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Banco Santander-Chile presently has a consensus rating of “Hold” and an average price target of $19.97.

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About Banco Santander-Chile

(Free Report)

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.

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

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