Panagora Asset Management Inc. Trims Stake in Banco Santander-Chile (NYSE:BSAC)

Panagora Asset Management Inc. lowered its stake in Banco Santander-Chile (NYSE:BSAC) by 50.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,983 shares of the bank’s stock after selling 11,034 shares during the quarter. Panagora Asset Management Inc.’s holdings in Banco Santander-Chile were worth $329,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of BSAC. Schroder Investment Management Group boosted its position in Banco Santander-Chile by 16.1% during the 2nd quarter. Schroder Investment Management Group now owns 6,630,399 shares of the bank’s stock worth $198,382,000 after purchasing an additional 920,381 shares during the period. NS Partners Ltd boosted its position in Banco Santander-Chile by 23.4% in the second quarter. NS Partners Ltd now owns 212,187 shares of the bank’s stock valued at $6,349,000 after buying an additional 40,200 shares in the last quarter. Todd Asset Management LLC raised its stake in shares of Banco Santander-Chile by 1.0% in the second quarter. Todd Asset Management LLC now owns 646,382 shares of the bank’s stock worth $19,341,000 after acquiring an additional 6,318 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Banco Santander-Chile by 83.7% in the second quarter. Envestnet Asset Management Inc. now owns 28,857 shares of the bank’s stock worth $863,000 after acquiring an additional 13,147 shares during the last quarter. Finally, Aperio Group LLC raised its stake in shares of Banco Santander-Chile by 11.8% in the second quarter. Aperio Group LLC now owns 162,053 shares of the bank’s stock worth $4,849,000 after acquiring an additional 17,154 shares during the last quarter. 12.62% of the stock is currently owned by hedge funds and other institutional investors.

BSAC has been the subject of a number of research analyst reports. ValuEngine downgraded shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. HSBC raised shares of Banco Santander-Chile from a “reduce” rating to a “hold” rating in a research note on Thursday, July 18th. Goldman Sachs Group initiated coverage on shares of Banco Santander-Chile in a research note on Tuesday. They set a “neutral” rating and a $30.00 price target for the company. Zacks Investment Research downgraded shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Finally, Scotia Howard Weill raised shares of Banco Santander-Chile from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Banco Santander-Chile currently has an average rating of “Hold” and a consensus target price of $31.00.

Shares of BSAC traded up $0.21 on Friday, reaching $29.19. 1,054 shares of the company’s stock were exchanged, compared to its average volume of 197,748. The company has a current ratio of 1.82, a quick ratio of 1.75 and a debt-to-equity ratio of 3.23. The stock has a market capitalization of $13.43 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 2.21 and a beta of 0.65. The business has a 50 day moving average price of $28.52 and a two-hundred day moving average price of $29.34. Banco Santander-Chile has a 12 month low of $27.06 and a 12 month high of $33.32.

Banco Santander-Chile (NYSE:BSAC) last issued its quarterly earnings data on Friday, July 26th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.08. The firm had revenue of $646.11 million during the quarter, compared to analysts’ expectations of $683.74 million. Banco Santander-Chile had a net margin of 22.24% and a return on equity of 17.28%. Equities research analysts predict that Banco Santander-Chile will post 1.89 EPS for the current year.

Banco Santander-Chile Profile

Banco Santander-Chile provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, and Global Corporate Banking segments. The company offers checking accounts and savings products; consumer, auto, commercial, mortgage, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines.

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Institutional Ownership by Quarter for Banco Santander-Chile (NYSE:BSAC)

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