State Street Corp Has $6.08 Million Stake in Banco Santander-Chile (NYSE:BSAC)

State Street Corp increased its holdings in shares of Banco Santander-Chile (NYSE:BSAC - Free Report) by 25.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,049 shares of the bank's stock after purchasing an additional 59,215 shares during the period. State Street Corp owned approximately 0.06% of Banco Santander-Chile worth $6,084,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BSAC. Cardinal Capital Management boosted its stake in Banco Santander-Chile by 1.2% in the 3rd quarter. Cardinal Capital Management now owns 98,907 shares of the bank's stock worth $2,053,000 after purchasing an additional 1,145 shares during the period. Sei Investments Co. lifted its holdings in shares of Banco Santander-Chile by 0.5% in the second quarter. Sei Investments Co. now owns 328,744 shares of the bank's stock valued at $6,190,000 after purchasing an additional 1,553 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Banco Santander-Chile by 27.4% during the third quarter. Blue Trust Inc. now owns 16,584 shares of the bank's stock worth $344,000 after buying an additional 3,563 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Banco Santander-Chile by 30.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,434 shares of the bank's stock worth $366,000 after buying an additional 4,515 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Banco Santander-Chile by 5.6% in the 2nd quarter. American Century Companies Inc. now owns 154,030 shares of the bank's stock valued at $2,900,000 after buying an additional 8,138 shares during the last quarter. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander-Chile Stock Up 0.2 %

Shares of NYSE BSAC traded up $0.04 during mid-day trading on Friday, hitting $19.00. The company had a trading volume of 124,605 shares, compared to its average volume of 280,451. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.70. The firm has a 50-day simple moving average of $19.42 and a two-hundred day simple moving average of $19.73. The company has a market capitalization of $8.95 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 0.41 and a beta of 0.87. Banco Santander-Chile has a one year low of $17.73 and a one year high of $21.43.

Wall Street Analyst Weigh In

Separately, Bank of America downgraded 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.