UBS Group AG raised its holdings in Banco Santander Chile (NYSE:BSAC – Free Report) by 69.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,855 shares of the bank’s stock after acquiring an additional 32,297 shares during the period. UBS Group AG’s holdings in Banco Santander Chile were worth $2,453,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of BSAC. Raymond James Financial Inc. acquired a new stake in shares of Banco Santander Chile in the 2nd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC grew its holdings in shares of Banco Santander Chile by 577.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock valued at $39,000 after purchasing an additional 1,329 shares during the last quarter. Farther Finance Advisors LLC increased its position in Banco Santander Chile by 199.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock worth $47,000 after purchasing an additional 1,007 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in Banco Santander Chile during the 3rd quarter worth approximately $152,000. Finally, Seldon Capital LP bought a new position in Banco Santander Chile in the 2nd quarter valued at approximately $200,000. Institutional investors and hedge funds own 6.42% of the company’s stock.
Banco Santander Chile Trading Up 3.7%
Shares of BSAC stock opened at $32.12 on Wednesday. Banco Santander Chile has a 1-year low of $22.77 and a 1-year high of $37.72. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.26. The stock has a market cap of $15.13 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 0.73 and a beta of 0.53. The stock has a 50-day moving average of $32.49 and a 200-day moving average of $32.48.
Wall Street Analyst Weigh In
BSAC has been the topic of a number of research analyst reports. Morgan Stanley set a $38.00 target price on shares of Banco Santander Chile in a research report on Wednesday, March 11th. UBS Group lowered their price target on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, May 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a research note on Monday, April 20th. Itau BBA Securities raised Banco Santander Chile from a “market perform” rating to an “outperform” rating in a report on Thursday, March 19th. Finally, Erste Group Bank upgraded Banco Santander Chile to a “strong-buy” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Banco Santander Chile currently has a consensus rating of “Hold” and a consensus price target of $36.00.
View Our Latest Report on BSAC
About Banco Santander Chile
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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