State of New Jersey Common Pension Fund D Has $344,000 Stock Holdings in Banco Santander-Chile (NYSE:BSAC)

State of New Jersey Common Pension Fund D trimmed its position in shares of Banco Santander-Chile (NYSE:BSAC) by 71.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,559 shares of the bank’s stock after selling 41,244 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Banco Santander-Chile were worth $344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BSAC. Orion Portfolio Solutions LLC lifted its stake in shares of Banco Santander-Chile by 2.4% in the first quarter. Orion Portfolio Solutions LLC now owns 50,862 shares of the bank’s stock worth $1,009,000 after acquiring an additional 1,182 shares during the period. DNB Asset Management AS lifted its stake in Banco Santander-Chile by 35.8% in the second quarter. DNB Asset Management AS now owns 166,763 shares of the bank’s stock valued at $3,140,000 after buying an additional 43,949 shares during the period. Cardinal Capital Management lifted its stake in Banco Santander-Chile by 4.3% in the second quarter. Cardinal Capital Management now owns 97,762 shares of the bank’s stock valued at $1,841,000 after buying an additional 3,994 shares during the period. Blue Trust Inc. lifted its stake in Banco Santander-Chile by 32.3% in the second quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock valued at $258,000 after buying an additional 3,179 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in Banco Santander-Chile by 0.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,826,769 shares of the bank’s stock valued at $53,228,000 after buying an additional 23,000 shares during the period. 6.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. StockNews.com raised Banco Santander-Chile from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Berenberg Bank raised Banco Santander-Chile to a “hold” rating in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group raised Banco Santander-Chile from a “sell” rating to a “neutral” rating and boosted their price target for the company from $18.00 to $21.00 in a research note on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Banco Santander-Chile has a consensus rating of “Hold” and a consensus target price of $21.50.

Banco Santander-Chile Trading Up 0.1 %

NYSE BSAC opened at $19.27 on Wednesday. The company has a market cap of $9.08 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 0.40 and a beta of 0.87. Banco Santander-Chile has a 52 week low of $17.73 and a 52 week high of $21.43. The business has a 50 day moving average price of $20.06 and a 200-day moving average price of $19.76. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.60.

Banco Santander-Chile Profile

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.