SPX Gestao de Recursos Ltda Purchases 60,889 Shares of Banco Santander-Chile (NYSE:BSAC)

SPX Gestao de Recursos Ltda boosted its holdings in Banco Santander-Chile (NYSE:BSAC - Free Report) by 171.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,355 shares of the bank's stock after acquiring an additional 60,889 shares during the quarter. SPX Gestao de Recursos Ltda's holdings in Banco Santander-Chile were worth $1,817,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Banco Santander-Chile by 2.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,927,417 shares of the bank's stock worth $81,533,000 after buying an additional 75,888 shares during the period. State Street Corp raised its holdings in Banco Santander-Chile by 25.3% during the 3rd quarter. State Street Corp now owns 293,049 shares of the bank's stock worth $6,084,000 after buying an additional 59,215 shares during the period. Mirabella Financial Services LLP acquired a new stake in Banco Santander-Chile during the 3rd quarter worth about $700,000. Jane Street Group LLC acquired a new stake in Banco Santander-Chile during the 3rd quarter worth about $527,000. Finally, Franklin Resources Inc. raised its holdings in Banco Santander-Chile by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 3,164,490 shares of the bank's stock worth $63,859,000 after buying an additional 33,291 shares during the period. Institutional investors and hedge funds own 6.42% of the company's stock.

Banco Santander-Chile Stock Up 1.3 %

NYSE:BSAC traded up $0.30 on Friday, hitting $22.99. 355,772 shares of the company's stock traded hands, compared to its average volume of 268,829. 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 1 year low of $17.73 and a 1 year high of $23.13. The firm has a 50-day moving average price of $20.87 and a 200-day moving average price of $20.14. The company has a market cap of $10.83 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 0.96 and a beta of 0.83.

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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 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 analysts anticipate that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Bank of America downgraded Banco Santander-Chile from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $22.00 to $21.00 in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.