Allspring Global Investments Holdings LLC Sells 65,338 Shares of Banco Santander-Chile (NYSE:BSAC)

Allspring Global Investments Holdings LLC reduced its stake in shares of Banco Santander-Chile (NYSE:BSAC - Free Report) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,746,740 shares of the bank's stock after selling 65,338 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.58% of Banco Santander-Chile worth $51,392,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Banco Santander-Chile by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank's stock valued at $58,000 after acquiring an additional 903 shares during the period. R Squared Ltd bought a new stake in Banco Santander-Chile in the fourth quarter valued at approximately $61,000. Natixis Advisors LLC purchased a new stake in shares of Banco Santander-Chile during the third quarter valued at approximately $212,000. Blue Trust Inc. grew its holdings in shares of Banco Santander-Chile by 27.4% in the third quarter. Blue Trust Inc. now owns 16,584 shares of the bank's stock worth $344,000 after purchasing an additional 3,563 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of Banco Santander-Chile in the fourth quarter worth $364,000. Hedge funds and other institutional investors own 6.42% of the company's stock.

Banco Santander-Chile Stock Up 1.0 %

Shares of BSAC traded up $0.22 on Monday, hitting $22.74. 232,371 shares of the stock traded hands, compared to its average volume of 184,063. The company has a market capitalization of $10.71 billion, a PE ratio of 11.72, a P/E/G ratio of 0.94 and a beta of 0.86. The business has a 50 day simple moving average of $19.76 and a 200 day simple moving average of $19.87. Banco Santander-Chile has a one year low of $17.73 and a one year high of $22.89. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79.

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

Wall Street Analyst Weigh In

Separately, Bank of America downgraded shares of Banco Santander-Chile from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $22.00 to $21.00 in a research note on Monday, December 16th. Four investment 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.com, the stock has an average rating of "Hold" and an average price target of $21.33.

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.