American Century Companies Inc. Has $2.90 Million Stock Holdings in Banco Santander-Chile (NYSE:BSAC)

American Century Companies Inc. lifted its position in Banco Santander-Chile (NYSE:BSAC) by 5.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 154,030 shares of the bank’s stock after purchasing an additional 8,138 shares during the quarter. American Century Companies Inc.’s holdings in Banco Santander-Chile were worth $2,900,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Parallel Advisors LLC grew its holdings in shares of Banco Santander-Chile by 115.5% in the 4th quarter. Parallel Advisors LLC now owns 1,683 shares of the bank’s stock worth $33,000 after purchasing an additional 902 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Banco Santander-Chile by 10.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,569 shares of the bank’s stock worth $167,000 after purchasing an additional 815 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of Banco Santander-Chile in the 2nd quarter worth about $195,000. KBC Group NV grew its holdings in Banco Santander-Chile by 88.9% during the 4th quarter. KBC Group NV now owns 12,788 shares of the bank’s stock worth $249,000 after acquiring an additional 6,017 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Banco Santander-Chile by 32.3% during the 2nd quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock worth $258,000 after acquiring an additional 3,179 shares during the last quarter. Institutional investors own 6.42% of the company’s stock.

Analyst Ratings Changes

BSAC has been the topic of a number of research analyst reports. Itau BBA Securities raised shares of Banco Santander-Chile from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Wednesday, June 12th. The Goldman Sachs Group raised shares of Banco Santander-Chile from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $18.00 to $21.00 in a report on Tuesday, August 20th. StockNews.com raised shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Finally, Berenberg Bank raised shares of Banco Santander-Chile to a “hold” rating in a report on Tuesday, July 30th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.48.

Banco Santander-Chile Stock Down 1.0 %

Shares of NYSE BSAC opened at $21.04 on Friday. The firm has a market capitalization of $9.91 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 0.44 and a beta of 0.86. The company has a current ratio of 1.83, a quick ratio of 1.86 and a debt-to-equity ratio of 3.60. Banco Santander-Chile has a 1 year low of $16.89 and a 1 year high of $21.43. The firm’s 50-day moving average is $20.17 and its 200-day moving average is $19.58.

Banco Santander-Chile (NYSE:BSAC) last issued its earnings results on Wednesday, July 31st. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). The business had revenue of $599.94 million during the quarter, compared to the consensus estimate of $693.44 million. Banco Santander-Chile had a net margin of 11.84% and a return on equity of 11.87%. Equities analysts expect that Banco Santander-Chile will post 1.82 EPS for the current year.

About Banco Santander-Chile

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.