Barclays PLC Sells 14,100 Shares of Banco Santander-Chile (NYSE:BSAC)

Barclays PLC trimmed its position in shares of Banco Santander-Chile (NYSE:BSAC) by 39.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,800 shares of the bank’s stock after selling 14,100 shares during the period. Barclays PLC’s holdings in Banco Santander-Chile were worth $453,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC bought a new stake in Banco Santander-Chile during the 3rd quarter valued at about $212,000. Frank Rimerman Advisors LLC bought a new stake in shares of Banco Santander-Chile during the second quarter valued at approximately $248,000. Blue Trust Inc. raised its stake in shares of Banco Santander-Chile by 27.4% during the third quarter. Blue Trust Inc. now owns 16,584 shares of the bank’s stock valued at $344,000 after acquiring an additional 3,563 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Banco Santander-Chile by 30.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,434 shares of the bank’s stock valued at $366,000 after purchasing an additional 4,515 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Banco Santander-Chile during the 3rd quarter worth $461,000. 6.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Bank of America lowered shares of Banco Santander-Chile from a “buy” rating to a “neutral” rating and cut 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $21.33.

Banco Santander-Chile Stock Up 0.3 %

NYSE:BSAC opened at $19.10 on Friday. The company’s 50-day simple moving average is $19.02 and its 200-day simple moving average is $19.73. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79. Banco Santander-Chile has a fifty-two week low of $17.73 and a fifty-two week 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.