Banco Santander-Chile (NYSE:BSAC) is INCA Investments LLC’s 3rd Largest Position

INCA Investments LLC cut its stake in shares of Banco Santander-Chile (NYSE:BSAC) by 22.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,531,232 shares of the bank’s stock after selling 452,839 shares during the period. Banco Santander-Chile makes up 13.6% of INCA Investments LLC’s investment portfolio, making the stock its 3rd biggest holding. INCA Investments LLC’s holdings in Banco Santander-Chile were worth $31,788,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cardinal Capital Management raised its stake in shares of Banco Santander-Chile by 1.2% during the 3rd quarter. Cardinal Capital Management now owns 98,907 shares of the bank’s stock worth $2,053,000 after buying an additional 1,145 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Banco Santander-Chile by 2.4% during the 1st quarter. Orion Portfolio Solutions LLC now owns 50,862 shares of the bank’s stock worth $1,009,000 after buying an additional 1,182 shares in the last quarter. Sei Investments Co. raised its stake in shares of Banco Santander-Chile by 0.5% during the 2nd quarter. Sei Investments Co. now owns 328,744 shares of the bank’s stock worth $6,190,000 after buying an additional 1,553 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Banco Santander-Chile by 32.3% during the 2nd quarter. Blue Trust Inc. now owns 13,021 shares of the bank’s stock worth $258,000 after buying an additional 3,179 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Banco Santander-Chile by 30.3% during the 2nd 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. 6.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on BSAC. StockNews.com upgraded Banco Santander-Chile from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Berenberg Bank upgraded Banco Santander-Chile to a “hold” rating in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group upgraded Banco Santander-Chile from a “sell” rating to a “neutral” rating and increased their target price for the company from $18.00 to $21.00 in a report on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.50.

Banco Santander-Chile Trading Down 0.4 %

Shares of Banco Santander-Chile stock opened at $19.43 on Tuesday. Banco Santander-Chile has a fifty-two week low of $17.58 and a fifty-two week high of $21.43. The firm has a market cap of $9.15 billion, a PE ratio of 11.04, a P/E/G ratio of 0.40 and a beta of 0.87. The business’s fifty day moving average is $20.15 and its two-hundred day moving average is $19.71. 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 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.