RWC Asset Advisors US LLC Has $1.91 Million Holdings in Banco Santander-Chile (NYSE:BSAC)

RWC Asset Advisors US LLC lessened its holdings in shares of Banco Santander-Chile (NYSE:BSAC) by 12.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 97,984 shares of the bank’s stock after selling 13,678 shares during the quarter. Banco Santander-Chile makes up 0.2% of RWC Asset Advisors US LLC’s investment portfolio, making the stock its 16th biggest holding. RWC Asset Advisors US LLC’s holdings in Banco Santander-Chile were worth $1,910,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BSAC. Advisors Preferred LLC acquired a new position in Banco Santander-Chile in the fourth quarter valued at $181,000. Privium Fund Management B.V. acquired a new position in Banco Santander-Chile in the third quarter valued at $220,000. Vanguard Personalized Indexing Management LLC lifted its holdings in Banco Santander-Chile by 9.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,131 shares of the bank’s stock valued at $222,000 after buying an additional 1,033 shares during the period. Russell Investments Group Ltd. lifted its holdings in Banco Santander-Chile by 9.7% in the fourth quarter. Russell Investments Group Ltd. now owns 17,618 shares of the bank’s stock valued at $343,000 after buying an additional 1,551 shares during the period. Finally, Alps Advisors Inc. lifted its holdings in Banco Santander-Chile by 8.4% in the third quarter. Alps Advisors Inc. now owns 33,829 shares of the bank’s stock valued at $620,000 after buying an additional 2,632 shares during the period. Institutional investors and hedge funds own 6.42% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.97.

Banco Santander-Chile Stock Down 0.3 %

Shares of NYSE BSAC traded down $0.05 during trading on Friday, hitting $18.19. 285,391 shares of the company traded hands, compared to its average volume of 297,202. The business’s fifty day moving average is $19.41 and its 200 day moving average is $18.94. Banco Santander-Chile has a fifty-two week low of $16.89 and a fifty-two week high of $21.81. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 0.37 and a beta of 0.82. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.80 and a current ratio of 1.80.

Banco Santander-Chile (NYSE:BSAC) last announced its quarterly earnings data on Friday, February 2nd. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. Banco Santander-Chile had a net margin of 9.99% and a return on equity of 10.73%. The firm had revenue of $621.60 million for the quarter, compared to analyst estimates of $609.98 million. Equities research analysts predict that Banco Santander-Chile will post 1.85 earnings per share for the current fiscal year.

About Banco Santander-Chile

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.