Aberdeen Group plc Decreases Holdings in Banco Santander Chile $BSAC

Aberdeen Group plc trimmed its position in shares of Banco Santander Chile (NYSE:BSAC) by 43.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 405,588 shares of the bank’s stock after selling 306,485 shares during the period. Aberdeen Group plc’s holdings in Banco Santander Chile were worth $12,618,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Banco Santander Chile during the second quarter valued at about $33,000. EverSource Wealth Advisors LLC boosted its position in Banco Santander Chile by 577.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock valued at $39,000 after buying an additional 1,329 shares during the period. Quadrant Capital Group LLC purchased a new stake in Banco Santander Chile during the third quarter valued at about $152,000. Seldon Capital LP purchased a new stake in Banco Santander Chile during the second quarter valued at about $200,000. Finally, Tuttle Capital Management LLC purchased a new stake in Banco Santander Chile during the fourth quarter valued at about $211,000. 6.42% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Chile Stock Down 0.5%

Shares of NYSE BSAC opened at $33.09 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.94. Banco Santander Chile has a 52 week low of $20.77 and a 52 week high of $37.72. The firm’s fifty day moving average is $33.87 and its 200 day moving average is $31.26. The company has a market cap of $15.59 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 1.00 and a beta of 0.55.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Itau BBA Securities upgraded shares of Banco Santander Chile from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 19th. Weiss Ratings restated a “hold (c)” rating on shares of Banco Santander Chile in a research report on Wednesday, January 21st. Morgan Stanley set a $38.00 price target on shares of Banco Santander Chile in a research report on Wednesday, March 11th. The Goldman Sachs Group lowered shares of Banco Santander Chile from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Finally, Wall Street Zen raised shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.50.

About Banco Santander Chile

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.