Barclays PLC Reduces Stock Holdings in Banco Santander-Chile (NYSE:BSAC)

Barclays PLC trimmed its position in Banco Santander-Chile (NYSE:BSAC) by 39.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,800 shares of the bank’s stock after selling 14,100 shares during the period. Barclays PLC’s holdings in Banco Santander-Chile were worth $453,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Natixis Advisors LLC acquired a new stake in shares of Banco Santander-Chile during the 3rd quarter worth about $212,000. Ballentine Partners LLC purchased a new stake in shares of Banco Santander-Chile in the 2nd quarter valued at approximately $195,000. Frank Rimerman Advisors LLC acquired a new position in shares of Banco Santander-Chile in the 2nd quarter worth approximately $248,000. Blue Trust Inc. boosted its position in shares of Banco Santander-Chile by 27.4% during the 3rd quarter. Blue Trust Inc. now owns 16,584 shares of the bank’s stock worth $344,000 after purchasing an additional 3,563 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Banco Santander-Chile by 30.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,434 shares of the bank’s stock valued at $366,000 after purchasing an additional 4,515 shares during the last quarter. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Bank of America cut Banco Santander-Chile from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $22.00 to $21.00 in a research note on Monday, December 16th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $21.33.

Banco Santander-Chile Trading Down 1.6 %

NYSE BSAC opened at $18.41 on Friday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 0.41 and a beta of 0.87. The firm has a 50 day simple moving average of $19.24 and a 200-day simple moving average of $19.72. Banco Santander-Chile has a one year low of $17.73 and a one year high of $21.43.

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.