Sumitomo Mitsui Trust Holdings Inc. Sells 7,460 Shares of Banco Santander-Chile (NYSE:BSAC)

Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in shares of Banco Santander-Chile (NYSE:BSAC) by 10.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,169 shares of the bank’s stock after selling 7,460 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Banco Santander-Chile were worth $1,231,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Advisors Preferred LLC purchased a new stake in Banco Santander-Chile in the 4th quarter worth about $181,000. Privium Fund Management B.V. purchased a new stake in Banco Santander-Chile in the 3rd quarter worth about $220,000. Vanguard Personalized Indexing Management LLC increased its holdings in Banco Santander-Chile by 9.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,131 shares of the bank’s stock worth $222,000 after acquiring an additional 1,033 shares during the last quarter. Alps Advisors Inc. increased its holdings in Banco Santander-Chile by 8.4% in the 3rd quarter. Alps Advisors Inc. now owns 33,829 shares of the bank’s stock worth $620,000 after acquiring an additional 2,632 shares during the last quarter. Finally, Barclays PLC purchased a new stake in Banco Santander-Chile in the 3rd quarter worth about $658,000. 6.42% of the stock is currently owned by institutional investors.

Banco Santander-Chile Stock Down 0.1 %

BSAC stock opened at $18.22 on Friday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 3.44. The firm has a market capitalization of $8.58 billion, a PE ratio of 14.34, a PEG ratio of 0.37 and a beta of 0.82. Banco Santander-Chile has a twelve month low of $16.89 and a twelve month high of $21.81. The stock has a 50-day simple moving average of $19.48 and a two-hundred day simple moving average of $18.94.

Banco Santander-Chile (NYSE:BSAC) last posted its earnings results on Friday, February 2nd. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $621.60 million during the quarter, compared to analyst estimates of $609.98 million. Banco Santander-Chile had a return on equity of 10.73% and a net margin of 9.99%. On average, equities analysts predict that Banco Santander-Chile will post 1.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered Banco Santander-Chile from a “hold” rating to a “sell” rating in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.97.

Banco Santander-Chile Company Profile

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.