35,466 Shares in Banco Santander-Chile (NYSE:BSAC) Bought by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda acquired a new stake in Banco Santander-Chile (NYSE:BSAC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 35,466 shares of the bank’s stock, valued at approximately $736,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BSAC. Blue Trust Inc. lifted its position in shares of Banco Santander-Chile by 32.3% in the second quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock valued at $258,000 after acquiring an additional 3,179 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Banco Santander-Chile by 0.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,826,769 shares of the bank’s stock worth $53,228,000 after buying an additional 23,000 shares during the period. RWC Asset Management LLP grew its position in Banco Santander-Chile by 60.5% in the 2nd quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock valued at $14,999,000 after acquiring an additional 300,257 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of Banco Santander-Chile in the second quarter valued at approximately $195,000. Finally, AGF Management Ltd. increased its position in shares of Banco Santander-Chile by 6.5% during the second quarter. AGF Management Ltd. now owns 402,781 shares of the bank’s stock worth $7,584,000 after acquiring an additional 24,697 shares during the period. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Banco Santander-Chile Stock Performance

NYSE:BSAC traded down $0.11 during mid-day trading on Friday, reaching $19.57. 19,807 shares of the stock were exchanged, compared to its average volume of 282,730. The company has a 50 day simple moving average of $19.65 and a 200-day simple moving average of $19.74. The stock has a market capitalization of $9.22 billion, a P/E ratio of 11.19, a P/E/G ratio of 0.41 and a beta of 0.87. Banco Santander-Chile has a 1 year low of $17.73 and a 1 year high of $21.43. 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, The Goldman Sachs Group raised shares of Banco Santander-Chile from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $18.00 to $21.00 in a research report on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $21.50.

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.