Ameriprise Financial Inc. lessened its stake in Banco Santander Chile (NYSE:BSAC) by 38.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 469,853 shares of the bank’s stock after selling 299,604 shares during the quarter. Ameriprise Financial Inc.’s holdings in Banco Santander Chile were worth $13,950,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Global X Management Co. LLC lifted its holdings in Banco Santander Chile by 1.4% during 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 during the period. Timber Hill LLC bought a new stake in Banco Santander Chile during the third quarter worth $252,000. Stevens Capital Management LP bought a new stake in Banco Santander Chile during the third quarter worth $286,000. Financial Counselors Inc. lifted its holdings in 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 acquiring an additional 346 shares during the period. Finally, Banco BTG Pactual S.A. bought a new stake in Banco Santander Chile during the second quarter worth $369,000. Institutional investors and hedge funds own 21.75% of the company’s stock.

Shares of Banco Santander Chile (NYSE:BSAC) opened at $28.99 on Friday. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.69 and a quick ratio of 1.69. Banco Santander Chile has a 52-week low of $21.21 and a 52-week high of $32.02. The stock has a market capitalization of $13,657.62, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.45 and a beta of 0.69.

BSAC has been the topic of a number of recent analyst reports. BidaskClub lowered Banco Santander Chile from a “buy” rating to a “hold” rating in a report on Sunday, November 5th. UBS lowered Banco Santander Chile from a “neutral” rating to a “sell” rating and lifted their price target for the stock from $24.00 to $27.00 in a report on Tuesday, August 22nd. Scotia Howard Weill lowered Banco Santander Chile from an “outperform” rating to a “sector perform” rating in a report on Tuesday, October 24th. Citigroup lowered Banco Santander Chile from a “buy” rating to a “neutral” rating in a report on Friday, December 1st. Finally, Zacks Investment Research upgraded Banco Santander Chile from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Thursday, November 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $28.00.

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About Banco Santander Chile

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.

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

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