JPMorgan Chase & Co. Grows Stock Holdings in Banco Santander-Chile (NYSE:BSAC)

JPMorgan Chase & Co. boosted its position in shares of Banco Santander-Chile (NYSE:BSAC - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,988,659 shares of the bank's stock after acquiring an additional 61,242 shares during the quarter. JPMorgan Chase & Co. owned 0.85% of Banco Santander-Chile worth $75,226,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of 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 purchasing an additional 903 shares during the last quarter. R Squared Ltd bought a new stake in Banco Santander-Chile during the fourth quarter valued at approximately $61,000. Corient Private Wealth LLC purchased a new stake in Banco Santander-Chile during the fourth quarter valued at approximately $232,000. FNY Investment Advisers LLC bought a new position in Banco Santander-Chile in the fourth quarter worth approximately $364,000. Finally, Blue Trust Inc. boosted its stake in shares of Banco Santander-Chile by 11.0% during the 4th quarter. Blue Trust Inc. now owns 18,415 shares of the bank's stock worth $382,000 after acquiring an additional 1,831 shares during the last quarter. Institutional investors own 6.42% of the company's stock.

Banco Santander-Chile Price Performance

NYSE:BSAC traded down $0.12 during trading hours on Tuesday, hitting $20.92. 627,510 shares of the stock traded hands, compared to its average volume of 282,112. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 0.96 and a beta of 0.72. Banco Santander-Chile has a 1 year low of $17.73 and a 1 year high of $23.80. The stock has a 50 day moving average price of $22.24 and a 200 day moving average price of $20.47. The company has a quick ratio of 1.79, a current 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 earnings results on Friday, January 31st. The bank reported $0.61 earnings per share 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%. Sell-side analysts forecast that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.

Banco Santander-Chile Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, May 6th. Investors of record on Wednesday, April 23rd will be issued a $1.349 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This is a boost from Banco Santander-Chile's previous annual dividend of $1.25. This represents a yield of 4.8%. Banco Santander-Chile's payout ratio is currently 28.87%.

Wall Street Analysts Forecast Growth

Separately, Bank of America lowered Banco Santander-Chile from a "buy" rating to a "neutral" rating and reduced their price objective for the stock 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $21.33.

About Banco Santander-Chile

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.