Banco Santander-Chile (NYSE:BSAC) Shares Sold by abrdn plc

abrdn plc cut its holdings in shares of Banco Santander-Chile (NYSE:BSAC - Free Report) by 20.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 682,821 shares of the bank's stock after selling 178,474 shares during the quarter. abrdn plc owned approximately 0.14% of Banco Santander-Chile worth $12,902,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BSAC. Itau Unibanco Holding S.A. grew its position in shares of Banco Santander-Chile by 79.6% during the third quarter. Itau Unibanco Holding S.A. now owns 296,922 shares of the bank's stock valued at $6,164,000 after purchasing an additional 131,637 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Banco Santander-Chile in the third quarter worth about $1,724,000. JPMorgan Chase & Co. grew its position in Banco Santander-Chile by 2.0% in the third quarter. JPMorgan Chase & Co. now owns 3,927,417 shares of the bank's stock worth $81,533,000 after acquiring an additional 75,888 shares in the last quarter. State Street Corp grew its position in Banco Santander-Chile by 25.3% in the third quarter. State Street Corp now owns 293,049 shares of the bank's stock worth $6,084,000 after acquiring an additional 59,215 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Banco Santander-Chile in the third quarter worth about $902,000. Hedge funds and other institutional investors own 6.42% of the company's stock.

Analyst Upgrades and Downgrades

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

Banco Santander-Chile Trading Down 0.1 %

Shares of Banco Santander-Chile stock traded down $0.03 on Tuesday, hitting $22.07. 246,569 shares of the company traded hands, compared to its average volume of 198,366. The stock's 50 day moving average price is $19.44 and its 200-day moving average price is $19.77. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.70. Banco Santander-Chile has a 52 week low of $17.73 and a 52 week high of $22.22. The company has a market cap of $10.40 billion, a PE ratio of 11.38, a PEG ratio of 0.94 and a beta of 0.86.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The bank reported $0.61 earnings per share 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%. Equities research analysts predict that Banco Santander-Chile will post 2.07 EPS for the current 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.