56,479 Shares in Banco Santander Chile $BSAC Purchased by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda acquired a new position in Banco Santander Chile (NYSE:BSAC) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 56,479 shares of the bank’s stock, valued at approximately $1,886,000.

Other large investors have also bought and sold shares of the company. USS Investment Management Ltd raised its position in shares of Banco Santander Chile by 45.5% in the 4th quarter. USS Investment Management Ltd now owns 1,561,544 shares of the bank’s stock worth $48,603,000 after acquiring an additional 488,676 shares in the last quarter. INCA Investments LLC boosted its position in shares of Banco Santander Chile by 48.8% during the fourth quarter. INCA Investments LLC now owns 1,064,274 shares of the bank’s stock valued at $33,110,000 after purchasing an additional 349,082 shares in the last quarter. Millennium Management LLC boosted its position in shares of Banco Santander Chile by 221.0% during the fourth quarter. Millennium Management LLC now owns 271,827 shares of the bank’s stock valued at $8,457,000 after purchasing an additional 187,151 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Banco Santander Chile by 120.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 254,585 shares of the bank’s stock valued at $6,747,000 after purchasing an additional 139,015 shares in the last quarter. Finally, WD Rutherford LLC purchased a new stake in Banco Santander Chile in the first quarter worth $3,905,000. 6.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BSAC has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a report on Monday, April 20th. Wall Street Zen cut shares of Banco Santander Chile from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Erste Group Bank raised shares of Banco Santander Chile to a “strong-buy” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group increased their price target on shares of Banco Santander Chile from $29.00 to $33.00 and gave the stock a “sell” rating in a research note on Thursday. Finally, Citigroup raised shares of Banco Santander Chile from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.40.

Banco Santander Chile Stock Down 0.6%

BSAC stock opened at $32.88 on Friday. Banco Santander Chile has a twelve month low of $22.77 and a twelve month high of $37.72. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 2.26. The firm has a market cap of $15.49 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 0.80 and a beta of 0.52. The business has a 50 day moving average of $31.96 and a 200 day moving average of $33.05.

Banco Santander Chile (NYSE:BSAC) last announced its quarterly earnings data on Friday, July 10th. The bank reported $0.88 earnings per share (EPS) for the quarter. Banco Santander Chile had a return on equity of 21.00% and a net margin of 24.95%. On average, research analysts forecast that Banco Santander Chile will post 2.79 EPS for the current fiscal year.

Banco Santander Chile Profile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.