Banco Santander-Chile (NYSE:BSAC) Shares Acquired by State Street Corp

State Street Corp increased its holdings in Banco Santander-Chile (NYSE:BSAC) by 25.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 293,049 shares of the bank’s stock after acquiring an additional 59,215 shares during the quarter. State Street Corp’s holdings in Banco Santander-Chile were worth $6,084,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BSAC. abrdn plc boosted its holdings in shares of 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 acquiring an additional 372,936 shares in the last quarter. RWC Asset Management LLP raised its position in Banco Santander-Chile by 60.5% in the second quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock worth $14,999,000 after acquiring an additional 300,257 shares in the last quarter. Itau Unibanco Holding S.A. increased its holdings in shares of Banco Santander-Chile by 900.5% in the 2nd 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 in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Banco Santander-Chile in the third quarter valued at about $902,000. Finally, Mirabella Financial Services LLP purchased a new stake in Banco Santander-Chile during the third quarter worth about $700,000. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Banco Santander-Chile Trading Up 0.2 %

Shares of BSAC stock opened at $19.00 on Friday. Banco Santander-Chile has a fifty-two week low of $17.73 and a fifty-two week high of $21.43. The firm’s 50 day moving average price is $19.42 and its two-hundred day moving average price is $19.72. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 0.41 and a beta of 0.87. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70.

Analyst Ratings Changes

Separately, Bank of America downgraded shares of Banco Santander-Chile from a “buy” rating to a “neutral” rating and reduced their price target for the company from $22.00 to $21.00 in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.33.

Banco Santander-Chile 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.