Sei Investments Co. reduced its holdings in Banco Santander Chile (NYSE:BSAC) by 52.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,457 shares of the bank’s stock after selling 11,390 shares during the quarter. Sei Investments Co.’s holdings in Banco Santander Chile were worth $311,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Global X Management Co. LLC increased its holdings in shares of Banco Santander Chile by 1.4% in the second quarter. Global X Management Co. LLC now owns 7,605 shares of the bank’s stock worth $193,000 after acquiring an additional 108 shares in the last quarter. Financial Counselors Inc. grew its holdings in shares of Banco Santander Chile by 2.8% during the second quarter. Financial Counselors Inc. now owns 12,623 shares of the bank’s stock worth $321,000 after buying an additional 346 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Banco Santander Chile by 8.0% during the second quarter. Stifel Financial Corp now owns 20,604 shares of the bank’s stock worth $522,000 after buying an additional 1,527 shares in the last quarter. Cardinal Capital Management grew its holdings in shares of Banco Santander Chile by 5.2% during the third quarter. Cardinal Capital Management now owns 43,287 shares of the bank’s stock worth $1,286,000 after buying an additional 2,146 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its holdings in shares of Banco Santander Chile by 17.4% during the second quarter. Pictet Asset Management Ltd. now owns 37,188 shares of the bank’s stock worth $919,000 after buying an additional 5,500 shares in the last quarter. Institutional investors own 21.75% of the company’s stock.

Banco Santander Chile (NYSE BSAC) opened at $28.13 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 2.75. The stock has a market capitalization of $13,082.86, a PE ratio of 15.87, a P/E/G ratio of 1.38 and a beta of 0.69. Banco Santander Chile has a fifty-two week low of $21.21 and a fifty-two week high of $32.02.

A number of research analysts recently issued reports on BSAC shares. UBS downgraded Banco Santander Chile from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $24.00 to $27.00 in a report on Tuesday, August 22nd. Scotia Howard Weill upgraded Banco Santander Chile from a “sector perform” rating to an “outperform” rating in a report on Friday, August 25th. BidaskClub downgraded Banco Santander Chile from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Banco Santander Chile from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Thursday, November 16th. Finally, Citigroup downgraded Banco Santander Chile from a “buy” rating to a “neutral” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.00.

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Banco Santander Chile Company Profile

Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.

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

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