Legal & General Group Plc acquired a new stake in Banco Santander-Chile (NASDAQ:BSAC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 52,201 shares of the bank’s stock, valued at approximately $1,310,000.
A number of other hedge funds have also bought and sold shares of BSAC. Macquarie Group Ltd. boosted its stake in shares of 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Banco Santander-Chile during the first quarter valued at $224,000. Capstone Asset Management Co. boosted its stake in shares of 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 in the last quarter. Finally, World Asset Management Inc boosted its stake in shares of 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 in the last quarter.
Banco Santander-Chile (NASDAQ:BSAC) opened at 29.11 on Friday. The company has a 50-day moving average of $26.88 and a 200-day moving average of $24.52. The company has a market cap of $13.71 billion and a P/E ratio of 18.19. Banco Santander-Chile has a 52-week low of $20.22 and a 52-week high of $30.02.
Banco Santander-Chile (NASDAQ:BSAC) last announced its quarterly earnings data on Friday, July 28th. The bank reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. The business had revenue of $704.02 million during the quarter, compared to analyst estimates of $458.92 million. Banco Santander-Chile had a return on equity of 20.58% and a net margin of 29.10%. During the same quarter last year, the firm posted $0.40 earnings per share. On average, equities research analysts expect that Banco Santander-Chile will post $1.77 earnings per share for the current fiscal year.
BSAC has been the topic of a number of research reports. Credit Suisse Group reiterated a “neutral” rating and issued a $26.00 target price (up from $25.00) on shares of Banco Santander-Chile in a report on Wednesday, April 19th. Zacks Investment Research lowered shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, BidaskClub upgraded shares of Banco Santander-Chile from a “hold” rating to a “buy” rating in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.25.
Banco Santander-Chile Company Profile
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.
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