Banco Santander-Chile (NYSE:BSAC) Shares Acquired by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. increased its holdings in Banco Santander-Chile (NYSE:BSAC) by 79.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,922 shares of the bank’s stock after buying an additional 131,637 shares during the quarter. Itau Unibanco Holding S.A. owned about 0.06% of Banco Santander-Chile worth $6,164,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BSAC. Mirabella Financial Services LLP bought a new position in shares of Banco Santander-Chile in the third quarter worth $700,000. DNB Asset Management AS increased its stake in Banco Santander-Chile by 35.8% during the 2nd quarter. DNB Asset Management AS now owns 166,763 shares of the bank’s stock valued at $3,140,000 after buying an additional 43,949 shares during the period. AGF Management Ltd. raised its position in shares of Banco Santander-Chile by 6.5% during the 2nd quarter. AGF Management Ltd. now owns 402,781 shares of the bank’s stock worth $7,584,000 after buying an additional 24,697 shares in the last quarter. RWC Asset Management LLP lifted its stake in shares of Banco Santander-Chile by 60.5% in the 2nd quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock worth $14,999,000 after acquiring an additional 300,257 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Banco Santander-Chile by 0.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,826,769 shares of the bank’s stock valued at $53,228,000 after acquiring an additional 23,000 shares in the last quarter. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Banco Santander-Chile from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. The Goldman Sachs Group upgraded Banco Santander-Chile from a “sell” rating to a “neutral” rating and upped their price objective for the company from $18.00 to $21.00 in a report on Tuesday, August 20th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.50.

Banco Santander-Chile Trading Up 0.8 %

Banco Santander-Chile stock opened at $19.13 on Tuesday. Banco Santander-Chile has a 52 week low of $17.73 and a 52 week high of $21.43. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 0.40 and a beta of 0.87. The company has a 50 day moving average price of $19.85 and a 200 day moving average price of $19.77.

About Banco Santander-Chile

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.