FIL Ltd lessened its stake in shares of Banco Santander-Chile (NYSE:BSAC - Free Report) by 21.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,508 shares of the bank's stock after selling 36,720 shares during the quarter. FIL Ltd's holdings in Banco Santander-Chile were worth $2,612,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Banco Santander-Chile by 2.0% during the third quarter. JPMorgan Chase & Co. now owns 3,927,417 shares of the bank's stock worth $81,533,000 after purchasing an additional 75,888 shares during the last quarter. State Street Corp grew its position in 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 during the period. Jane Street Group LLC acquired a new stake in Banco Santander-Chile during the third quarter worth about $527,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of Banco Santander-Chile by 42.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,092 shares of the bank's stock worth $2,378,000 after purchasing an additional 37,660 shares during the period. Finally, Franklin Resources Inc. lifted its stake 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 valued at $63,859,000 after purchasing an additional 33,291 shares in the last quarter. Institutional investors and hedge funds own 6.42% of the company's stock.
Banco Santander-Chile Stock Up 1.0 %
Shares of Banco Santander-Chile stock traded up $0.23 on Tuesday, hitting $23.10. 461,171 shares of the company's stock traded hands, compared to its average volume of 288,399. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70. The firm's 50-day moving average is $22.40 and its 200 day moving average is $20.52. The stock has a market cap of $10.88 billion, a P/E ratio of 11.91, a PEG ratio of 0.96 and a beta of 0.72. Banco Santander-Chile has a 52-week low of $17.73 and a 52-week high of $23.80.
Banco Santander-Chile (NYSE:BSAC - Get Free Report) last issued its earnings results on Friday, January 31st. The bank reported $0.61 earnings per share (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%. Equities analysts anticipate that Banco Santander-Chile will post 2.07 earnings per share for the current 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 given a $1.349 dividend. This is a positive change from Banco Santander-Chile's previous annual dividend of $1.25. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a dividend yield of 4.8%. Banco Santander-Chile's dividend payout ratio (DPR) is presently 51.55%.
Wall Street Analyst Weigh In
Separately, Bank of America lowered Banco Santander-Chile from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $22.00 to $21.00 in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Banco Santander-Chile presently has a consensus rating of "Hold" and a consensus price target of $21.33.
Check Out Our Latest Report on BSAC
Banco Santander-Chile Profile
(
Free Report)
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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