INCA Investments LLC raised its holdings in Banco Santander Chile (NYSE:BSAC – Free Report) by 18.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,263,892 shares of the bank’s stock after acquiring an additional 199,618 shares during the period. Banco Santander Chile accounts for 15.0% of INCA Investments LLC’s holdings, making the stock its 3rd biggest holding. INCA Investments LLC’s holdings in Banco Santander Chile were worth $42,214,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. acquired a new position in shares of Banco Santander Chile in the 1st quarter valued at about $214,000. WD Rutherford LLC acquired a new stake in Banco Santander Chile during the first quarter worth about $3,905,000. Deprince Race & Zollo Inc. grew its holdings in Banco Santander Chile by 78.7% during the first quarter. Deprince Race & Zollo Inc. now owns 193,499 shares of the bank’s stock worth $6,463,000 after acquiring an additional 85,215 shares during the period. Corient Private Wealth LLC purchased a new position in Banco Santander Chile during the fourth quarter valued at approximately $292,000. Finally, Invesco Ltd. raised its position in Banco Santander Chile by 18.3% during the fourth quarter. Invesco Ltd. now owns 43,551 shares of the bank’s stock valued at $1,355,000 after acquiring an additional 6,745 shares in the last quarter. 6.42% of the stock is owned by institutional investors and hedge funds.
Banco Santander Chile Stock Performance
Shares of NYSE:BSAC opened at $33.45 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.48 and a quick ratio of 0.48. The business’s 50 day moving average price is $31.68 and its 200-day moving average price is $32.97. The firm has a market capitalization of $15.76 billion, a PE ratio of 14.42, a P/E/G ratio of 0.80 and a beta of 0.52. Banco Santander Chile has a 1 year low of $22.77 and a 1 year high of $37.72.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on BSAC shares. JPMorgan Chase & Co. raised shares of Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 price objective on the stock in a research note on Monday, March 30th. Wall Street Zen upgraded shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research note on Sunday, May 24th. UBS Group dropped their price target on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. Itau BBA Securities raised shares of Banco Santander Chile from a “market perform” rating to an “outperform” rating in a report on Thursday, March 19th. Finally, Erste Group Bank raised shares of Banco Santander Chile to a “strong-buy” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.
Read Our Latest Stock Report on BSAC
Banco Santander Chile Profile
Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.
Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.
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