AQR Capital Management LLC decreased its holdings in shares of Banco Santander-Chile (NYSE:BSAC – Free Report) by 40.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,062 shares of the bank’s stock after selling 20,107 shares during the quarter. AQR Capital Management LLC’s holdings in Banco Santander-Chile were worth $547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in shares of Banco Santander-Chile by 10.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,569 shares of the bank’s stock worth $167,000 after purchasing an additional 815 shares during the period. Ballentine Partners LLC bought a new stake in shares of Banco Santander-Chile in the second quarter worth about $195,000. Frank Rimerman Advisors LLC bought a new stake in shares of Banco Santander-Chile in the second quarter worth about $248,000. Blue Trust Inc. grew its stake in shares of Banco Santander-Chile by 32.3% in the second quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock worth $258,000 after purchasing an additional 3,179 shares during the last quarter. Finally, Privium Fund Management B.V. grew its stake in shares of Banco Santander-Chile by 15.1% in the first quarter. Privium Fund Management B.V. now owns 13,818 shares of the bank’s stock worth $274,000 after purchasing an additional 1,811 shares during the last quarter. Institutional investors own 6.42% of the company’s stock.
Wall Street Analysts Forecast Growth
BSAC has been the topic of several research reports. The Goldman Sachs Group raised Banco Santander-Chile from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $18.00 to $21.00 in a research report on Tuesday, August 20th. StockNews.com raised Banco Santander-Chile from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Finally, Berenberg Bank raised Banco Santander-Chile to a “hold” rating in a research report on Tuesday, July 30th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.48.
Banco Santander-Chile Price Performance
BSAC stock opened at $20.18 on Tuesday. The firm has a 50 day moving average price of $20.17 and a 200-day moving average price of $19.58. Banco Santander-Chile has a 52-week low of $16.89 and a 52-week high of $21.43. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 0.42 and a beta of 0.86. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.82 and a current ratio of 1.82.
Banco Santander-Chile (NYSE:BSAC – Get Free Report) last released its earnings results on Wednesday, July 31st. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). Banco Santander-Chile had a net margin of 11.84% and a return on equity of 11.87%. The business had revenue of $599.94 million for the quarter, compared to analysts’ expectations of $693.44 million. Equities research analysts forecast that Banco Santander-Chile will post 1.82 EPS for the current fiscal year.
Banco Santander-Chile 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.
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