Integrated Quantitative Investments LLC Acquires New Stake in Banco Santander-Chile (NYSE:BSAC)

Integrated Quantitative Investments LLC purchased a new stake in shares of Banco Santander-Chile (NYSE:BSAC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 43,300 shares of the bank's stock, valued at approximately $817,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Banco Santander-Chile by 2.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,927,417 shares of the bank's stock valued at $81,533,000 after purchasing an additional 75,888 shares during the last quarter. State Street Corp increased its position in shares of Banco Santander-Chile by 25.3% during the third quarter. State Street Corp now owns 293,049 shares of the bank's stock valued at $6,084,000 after acquiring an additional 59,215 shares in the last quarter. Jane Street Group LLC purchased a new position in Banco Santander-Chile in the 3rd quarter worth approximately $527,000. Robeco Institutional Asset Management B.V. boosted its stake in Banco Santander-Chile by 42.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,092 shares of the bank's stock valued at $2,378,000 after purchasing an additional 37,660 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Banco Santander-Chile by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 3,164,490 shares of the bank's stock worth $63,859,000 after purchasing an additional 33,291 shares in the last quarter. Hedge funds and other institutional investors own 6.42% of the company's stock.

Banco Santander-Chile Stock Performance

NYSE BSAC traded down $0.83 on Thursday, reaching $21.49. 273,222 shares of the stock were exchanged, compared to its average volume of 299,956. The firm has a market capitalization of $10.12 billion, a PE ratio of 11.08, a PEG ratio of 0.96 and a beta of 0.72. Banco Santander-Chile has a one year low of $17.73 and a one year high of $23.80. The company's 50-day simple moving average is $22.32 and its two-hundred day simple moving average is $20.50. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.70.

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Banco Santander-Chile (NYSE:BSAC - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The bank reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.05). Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. Analysts expect that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.

Banco Santander-Chile Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Wednesday, April 23rd will be issued a $1.349 dividend. This represents a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, April 23rd. This is a positive change from Banco Santander-Chile's previous annual dividend of $1.25. Banco Santander-Chile's dividend payout ratio (DPR) is 28.87%.

Wall Street Analysts Forecast Growth

Separately, Bank of America downgraded Banco Santander-Chile from a "buy" rating to a "neutral" rating and lowered their price target for the company from $22.00 to $21.00 in a report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Banco Santander-Chile has a consensus rating of "Hold" and an average target price of $21.33.

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.