Barclays PLC Cuts Position in Banco Santander-Chile (NYSE:BSAC)

Barclays PLC decreased its holdings in Banco Santander-Chile (NYSE:BSAC) by 39.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,800 shares of the bank’s stock after selling 14,100 shares during the quarter. Barclays PLC’s holdings in Banco Santander-Chile were worth $453,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BSAC. Public Employees Retirement System of Ohio purchased a new position in Banco Santander-Chile during the third quarter valued at $1,724,000. Jane Street Group LLC acquired a new position in shares of Banco Santander-Chile during the 3rd quarter worth about $527,000. State Street Corp lifted its stake in Banco Santander-Chile by 25.3% in the 3rd quarter. State Street Corp now owns 293,049 shares of the bank’s stock valued at $6,084,000 after buying an additional 59,215 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Banco Santander-Chile in the 3rd quarter worth about $902,000. Finally, Itau Unibanco Holding S.A. increased its stake in Banco Santander-Chile by 79.6% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 296,922 shares of the bank’s stock worth $6,164,000 after buying an additional 131,637 shares in the last quarter. Hedge funds and other institutional investors own 6.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Bank of America downgraded Banco Santander-Chile from a “buy” rating to a “neutral” rating and decreased their target price for the company from $22.00 to $21.00 in a research report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.33.

Banco Santander-Chile Stock Performance

BSAC opened at $18.41 on Friday. The firm has a market capitalization of $8.67 billion, a PE ratio of 10.46, a PEG 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 twelve month low of $17.73 and a twelve month high of $21.43. The firm’s 50-day moving average price is $19.24 and its 200 day moving average price is $19.72.

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.