19,322 Shares in Banco Santander-Chile (NYSE:BSAC) Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC acquired a new stake in Banco Santander-Chile (NYSE:BSAC) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,322 shares of the bank’s stock, valued at approximately $364,000.

Several other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors LLC bought a new stake in shares of Banco Santander-Chile during the 3rd quarter valued at approximately $212,000. Frank Rimerman Advisors LLC acquired a new stake in Banco Santander-Chile in the second quarter valued at approximately $248,000. Blue Trust Inc. grew its stake in shares of Banco Santander-Chile by 27.4% during the third quarter. Blue Trust Inc. now owns 16,584 shares of the bank’s stock worth $344,000 after buying an additional 3,563 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Banco Santander-Chile by 30.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,434 shares of the bank’s stock worth $366,000 after buying an additional 4,515 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Banco Santander-Chile during the 3rd quarter valued at $461,000. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Bank of America downgraded Banco Santander-Chile from a “buy” rating to a “neutral” rating and dropped their target price for the company from $22.00 to $21.00 in a research report on Monday, December 16th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.33.

Banco Santander-Chile Stock Performance

Shares of Banco Santander-Chile stock opened at $18.38 on Tuesday. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 0.41 and a beta of 0.86. Banco Santander-Chile has a twelve month low of $17.73 and a twelve month high of $21.43. The company’s fifty day moving average is $19.08 and its 200 day moving average is $19.73. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.70.

Banco Santander-Chile Profile

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.