JPMorgan Chase & Co. Purchases 75,888 Shares of Banco Santander-Chile (NYSE:BSAC)

JPMorgan Chase & Co. grew its position in shares of Banco Santander-Chile (NYSE:BSAC) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,927,417 shares of the bank’s stock after buying an additional 75,888 shares during the period. JPMorgan Chase & Co. owned approximately 0.83% of Banco Santander-Chile worth $81,533,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC bought a new position in Banco Santander-Chile during the second quarter worth about $195,000. Natixis Advisors LLC bought a new position in shares of Banco Santander-Chile during the third quarter worth approximately $212,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Banco Santander-Chile in the second quarter valued at approximately $248,000. Blue Trust Inc. boosted its stake in shares of Banco Santander-Chile by 27.4% in the third quarter. Blue Trust Inc. now owns 16,584 shares of the bank’s stock valued at $344,000 after buying an additional 3,563 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in Banco Santander-Chile by 30.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,434 shares of the bank’s stock worth $366,000 after buying an additional 4,515 shares in the last quarter. Institutional investors own 6.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Bank of America cut Banco Santander-Chile from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $22.00 to $21.00 in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Banco Santander-Chile currently has a consensus rating of “Hold” and an average price target of $21.33.

Banco Santander-Chile Stock Performance

NYSE BSAC opened at $18.71 on Friday. The firm’s 50 day simple moving average is $19.28 and its 200 day simple moving average is $19.72. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 10.63, a P/E/G ratio of 0.41 and a beta of 0.87. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.70. Banco Santander-Chile has a 1 year low of $17.73 and a 1 year high of $21.43.

Banco Santander-Chile Company 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.