Banco Santander-Chile (NYSE:BSAC) Stake Lifted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its holdings in shares of Banco Santander-Chile (NYSE:BSAC) by 9.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 629,275 shares of the bank’s stock after purchasing an additional 55,061 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Banco Santander-Chile were worth $11,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in Banco Santander-Chile during the third quarter worth approximately $1,724,000. JPMorgan Chase & Co. boosted its position in shares of Banco Santander-Chile by 2.0% in the third quarter. JPMorgan Chase & Co. now owns 3,927,417 shares of the bank’s stock worth $81,533,000 after buying an additional 75,888 shares during the period. SPX Gestao de Recursos Ltda grew its stake in Banco Santander-Chile by 171.7% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 96,355 shares of the bank’s stock valued at $1,817,000 after acquiring an additional 60,889 shares in the last quarter. State Street Corp grew its position in Banco Santander-Chile by 25.3% during the third quarter. State Street Corp now owns 293,049 shares of the bank’s stock valued at $6,084,000 after purchasing an additional 59,215 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Banco Santander-Chile during the 3rd quarter valued at $902,000. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander-Chile Stock Performance

BSAC opened at $21.76 on Friday. The firm has a market capitalization of $10.25 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 0.96 and a beta of 0.72. Banco Santander-Chile has a 12-month low of $17.73 and a 12-month high of $23.80. The stock’s 50 day moving average price is $22.18 and its two-hundred day moving average price is $20.45. 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 issued its earnings results on Friday, January 31st. The bank reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.05). Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. On average, equities analysts forecast that Banco Santander-Chile will post 2.07 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Bank of America cut Banco Santander-Chile from a “buy” rating to a “neutral” rating and lowered their price target for the company 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.33.

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.