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

JPMorgan Chase & Co. grew its holdings in Banco Santander-Chile (NYSE:BSAC - Free Report) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,927,417 shares of the bank's stock after acquiring an additional 75,888 shares during the period. JPMorgan Chase & Co. owned about 0.83% of Banco Santander-Chile worth $81,533,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. SPX Gestao de Recursos Ltda purchased a new position in Banco Santander-Chile in the 3rd quarter worth approximately $736,000. Franklin Resources Inc. raised its position in shares of Banco Santander-Chile by 1.1% during the third quarter. Franklin Resources Inc. now owns 3,164,490 shares of the bank's stock valued at $63,859,000 after buying an additional 33,291 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Banco Santander-Chile in the third quarter worth $1,724,000. Jane Street Group LLC bought a new position in shares of Banco Santander-Chile during the third quarter worth $527,000. Finally, State Street Corp grew its stake 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 in the last quarter. Institutional investors own 6.42% of the company's stock.

Banco Santander-Chile Price Performance

Shares of NYSE BSAC traded down $0.30 during midday trading on Friday, reaching $18.41. 158,556 shares of the stock traded hands, compared to its average volume of 156,478. The company's 50 day moving average is $19.24 and its 200 day moving average is $19.72. Banco Santander-Chile has a one year low of $17.73 and a one year high of $21.43. The stock has a market capitalization of $8.67 billion, a PE ratio of 10.46, a P/E/G ratio of 0.41 and a beta of 0.87. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.79.

Analyst Ratings Changes

Separately, Bank of America cut shares of Banco Santander-Chile from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $22.00 to $21.00 in a research note on Monday, December 16th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Banco Santander-Chile currently has a consensus rating of "Hold" and a consensus 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.