State of New Jersey Common Pension Fund D Has $344,000 Holdings in Banco Santander-Chile (NYSE:BSAC)

State of New Jersey Common Pension Fund D cut its holdings in shares of Banco Santander-Chile (NYSE:BSAC - Free Report) by 71.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,559 shares of the bank's stock after selling 41,244 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Banco Santander-Chile were worth $344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. abrdn plc grew its holdings in Banco Santander-Chile by 76.4% in the third quarter. abrdn plc now owns 861,295 shares of the bank's stock valued at $18,036,000 after purchasing an additional 372,936 shares during the period. Blue Trust Inc. increased its position 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 acquiring an additional 3,563 shares in the last quarter. Cardinal Capital Management boosted its stake in shares of Banco Santander-Chile by 1.2% in the third quarter. Cardinal Capital Management now owns 98,907 shares of the bank's stock valued at $2,053,000 after purchasing an additional 1,145 shares during the period. Itau Unibanco Holding S.A. boosted its stake in shares of Banco Santander-Chile by 900.5% in the second quarter. Itau Unibanco Holding S.A. now owns 165,285 shares of the bank's stock valued at $3,107,000 after purchasing an additional 148,764 shares during the period. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of Banco Santander-Chile in the second quarter valued at $248,000. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander-Chile Stock Up 1.3 %

Shares of BSAC traded up $0.25 on Wednesday, hitting $19.52. The company's stock had a trading volume of 215,966 shares, compared to its average volume of 284,907. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.60. The firm's fifty day moving average price is $20.06 and its 200-day moving average price is $19.76. Banco Santander-Chile has a fifty-two week low of $17.73 and a fifty-two week high of $21.43. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 0.40 and a beta of 0.87.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BSAC shares. Berenberg Bank upgraded shares of Banco Santander-Chile to a "hold" rating in a research report on Tuesday, July 30th. StockNews.com raised shares of Banco Santander-Chile from a "sell" rating to a "hold" rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group raised shares of Banco Santander-Chile from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $18.00 to $21.00 in a research report on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $21.50.

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.