USS Investment Management Ltd Has $48.60 Million Position in Banco Santander Chile $BSAC

USS Investment Management Ltd grew its stake in Banco Santander Chile (NYSE:BSAC) by 45.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,561,544 shares of the bank’s stock after purchasing an additional 488,676 shares during the period. USS Investment Management Ltd’s holdings in Banco Santander Chile were worth $48,603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BSAC. INCA Investments LLC raised its holdings in Banco Santander Chile by 48.8% in the 4th quarter. INCA Investments LLC now owns 1,064,274 shares of the bank’s stock valued at $33,110,000 after buying an additional 349,082 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Banco Santander Chile by 120.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 254,585 shares of the bank’s stock valued at $6,747,000 after buying an additional 139,015 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in Banco Santander Chile by 34.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 439,613 shares of the bank’s stock valued at $11,087,000 after buying an additional 113,408 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in Banco Santander Chile in the 4th quarter valued at approximately $3,369,000. Finally, AQR Capital Management LLC raised its holdings in Banco Santander Chile by 457.1% in the 1st quarter. AQR Capital Management LLC now owns 107,076 shares of the bank’s stock valued at $2,441,000 after buying an additional 87,856 shares during the last quarter. Institutional investors own 6.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BSAC shares. JPMorgan Chase & Co. upgraded shares of Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 price objective for the company in a report on Monday, March 30th. Erste Group Bank upgraded shares of Banco Santander Chile to a “strong-buy” rating in a report on Tuesday, May 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Chile in a report on Monday, April 20th. UBS Group lowered their price target on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, May 22nd. Finally, Itau BBA Securities upgraded shares of Banco Santander Chile from a “market perform” rating to an “outperform” rating in a report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Banco Santander Chile currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Banco Santander Chile Price Performance

Shares of NYSE BSAC opened at $32.54 on Monday. Banco Santander Chile has a twelve month low of $22.77 and a twelve month high of $37.72. The firm has a fifty day simple moving average of $32.30 and a 200 day simple moving average of $32.64. The company has a market capitalization of $15.33 billion, a PE ratio of 14.02, a P/E/G ratio of 0.77 and a beta of 0.52. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 2.26.

Banco Santander Chile (NYSE:BSAC) last announced its earnings results on Monday, April 13th. The bank reported $0.63 earnings per share for the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.00%. The business had revenue of $791.52 million during the quarter. On average, sell-side analysts forecast that Banco Santander Chile will post 2.85 EPS for the current year.

Banco Santander Chile 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.