Banco Santander-Chile (NYSE:BSAC) Shares Sold by Blue Trust Inc.

Blue Trust Inc. reduced its position in Banco Santander-Chile (NYSE:BSAC) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,609 shares of the bank’s stock after selling 1,975 shares during the period. Blue Trust Inc.’s holdings in Banco Santander-Chile were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Banco Santander-Chile by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank’s stock valued at $58,000 after purchasing an additional 903 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Banco Santander-Chile by 42.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 126,092 shares of the bank’s stock worth $2,378,000 after acquiring an additional 37,660 shares during the period. R Squared Ltd acquired a new position in Banco Santander-Chile during the fourth quarter worth $61,000. FNY Investment Advisers LLC acquired a new position in Banco Santander-Chile during the fourth quarter worth $364,000. Finally, JPMorgan Chase & Co. raised its position in Banco Santander-Chile by 2.0% during the third quarter. JPMorgan Chase & Co. now owns 3,927,417 shares of the bank’s stock worth $81,533,000 after acquiring an additional 75,888 shares during the period. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Bank of America cut shares of Banco Santander-Chile from a “buy” rating to a “neutral” rating and reduced their price objective for the stock 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 given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.33.

Banco Santander-Chile Price Performance

Banco Santander-Chile stock opened at $22.16 on Wednesday. Banco Santander-Chile has a 52-week low of $17.73 and a 52-week high of $22.89. The firm has a market capitalization of $10.44 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 0.94 and a beta of 0.86. The company has a fifty day simple moving average of $19.76 and a 200-day simple moving average of $19.87. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70.

Banco Santander-Chile (NYSE:BSAC) last released its earnings results on Friday, January 31st. The bank reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). Banco Santander-Chile had a return on equity of 19.15% and a net margin of 19.16%. On average, equities analysts anticipate that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.

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.