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Legal & General Group Plc Buys Shares of 52,201 Banco Santander-Chile (NASDAQ:BSAC)
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Other institutional investors also recently added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its position in Banco Santander-Chile by 5.2% in the fourth quarter. Macquarie Group Ltd. now owns 36,570 shares of the bank’s stock valued at $800,000 after buying an additional 1,800 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Banco Santander-Chile by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 9,924,349 shares of the bank’s stock valued at $248,904,000 after buying an additional 940,607 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in Banco Santander-Chile during the first quarter valued at approximately $224,000. Capstone Asset Management Co. boosted its position in Banco Santander-Chile by 8.3% in the first quarter. Capstone Asset Management Co. now owns 354,032 shares of the bank’s stock valued at $8,879,000 after buying an additional 27,179 shares during the last quarter. Finally, World Asset Management Inc boosted its position in Banco Santander-Chile by 1.5% in the first quarter. World Asset Management Inc now owns 29,348 shares of the bank’s stock valued at $736,000 after buying an additional 445 shares during the last quarter.
Banco Santander-Chile (BSAC) opened at 26.73 on Wednesday. Banco Santander-Chile has a 1-year low of $20.05 and a 1-year high of $26.94. The firm’s 50-day moving average is $25.44 and its 200 day moving average is $23.89. The firm has a market cap of $12.59 billion and a PE ratio of 16.71.
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BSAC has been the topic of several research analyst reports. Zacks Investment Research cut shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a research note on Monday, June 26th. Credit Suisse Group reissued a “neutral” rating and set a $26.00 target price (up previously from $25.00) on shares of Banco Santander-Chile in a research note on Wednesday, April 19th. BidaskClub cut shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Finally, Goldman Sachs Group, Inc. (The) raised their target price on shares of Banco Santander-Chile from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.25.
About Banco Santander-Chile
Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.