INCA Investments LLC Purchases 191,014 Shares of Banco Santander Chile $BSAC

INCA Investments LLC increased its position in Banco Santander Chile (NYSE:BSAC) by 36.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 715,192 shares of the bank’s stock after acquiring an additional 191,014 shares during the quarter. Banco Santander Chile accounts for 8.7% of INCA Investments LLC’s holdings, making the stock its 5th largest position. INCA Investments LLC’s holdings in Banco Santander Chile were worth $18,953,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. TT International Asset Management LTD acquired a new stake in Banco Santander Chile during the 3rd quarter worth approximately $24,685,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Banco Santander Chile by 200.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 832,647 shares of the bank’s stock worth $22,065,000 after purchasing an additional 555,919 shares during the last quarter. Aberdeen Group plc grew its stake in shares of Banco Santander Chile by 10.8% in the second quarter. Aberdeen Group plc now owns 738,038 shares of the bank’s stock worth $18,525,000 after purchasing an additional 72,203 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in Banco Santander Chile by 34.8% in the second quarter. Qube Research & Technologies Ltd now owns 439,613 shares of the bank’s stock valued at $11,087,000 after purchasing an additional 113,408 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Banco Santander Chile by 6.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 331,088 shares of the bank’s stock worth $8,350,000 after purchasing an additional 19,811 shares during the last quarter. Institutional investors own 6.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BSAC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a research report on Wednesday, January 21st. Wall Street Zen cut Banco Santander Chile from a “hold” rating to a “sell” rating in a report on Tuesday, December 30th. Citigroup lowered shares of Banco Santander Chile from a “buy” rating to a “hold” rating in a report on Friday, November 7th. UBS Group upped their price objective on shares of Banco Santander Chile from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, November 10th. Finally, The Goldman Sachs Group cut shares of Banco Santander Chile from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $27.67.

Banco Santander Chile Price Performance

Shares of BSAC opened at $36.15 on Tuesday. The firm has a market cap of $16.59 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.15 and a beta of 0.58. Banco Santander Chile has a 52-week low of $20.04 and a 52-week high of $37.72. The business’s 50 day moving average price is $32.07 and its two-hundred day moving average price is $28.21. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.84 and a current ratio of 1.84.

Banco Santander Chile (NYSE:BSAC) last released its quarterly earnings data on Monday, November 17th. The bank reported $0.99 earnings per share for the quarter. Banco Santander Chile had a net margin of 24.57% and a return on equity of 23.25%. The company had revenue of $740.10 million during the quarter. On average, equities analysts anticipate that Banco Santander Chile will post 2.07 EPS for the current year.

Banco Santander Chile Company Profile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.