Veriti Management LLC increased its stake in Banco Santander-Chile (New York Stock Exchange: BSAC – get a rating) 5.8% in the first quarter, Ownership of Channel.com reports. Institutional investors owned 39,622 shares of the bank’s share capital following the purchase of an additional 2,171 shares during the period. Veriti Management LLC’s holding in Banco Santander-Chile was valued at $ 895,000 at the end of the last quarter.
Other institutional investors and hedge funds have also made changes to their position in the company. Northwestern Mutual Wealth Management Co. increased its stake in Banco Santander-Chile by 144.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,131 shares in the bank’s share capital worth USD 35,000 after buying an additional 1,259 shares during the period. Atlas Capital Advisors LLC increased its stake in Banco Santander-Chile by 738.4% in the fourth quarter. Atlas Capital Advisors LLC now owns 5,483 shares in the bank worth $ 89,000 after acquiring an additional 4,829 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Banco Santander-Chile by 56.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,500 shares in the bank worth $ 203,000 after buying an additional 4,500 shares during the period. Colony Group LLC acquired a new stake in Banco Santander-Chile in the third quarter for approximately $ 263,000. Finally, Schroder Investment Management Group increased its stake in Banco Santander-Chile by 37.7% in the fourth quarter. Schroder Investment Management Group now owns 9,100,528 shares in the bank worth $ 371,000 after acquiring an additional 2,490,355 shares during the period. Institutional investors and hedge funds own 10.65% of the company.
Actions of BSAC shares opened at $ 17.17 on Thursday. Banco Santander-Chile has a 12-month low of $ 15.37 and a 12-month low of $ 22.95. The company has a turnover ratio of 1.80, a speed ratio of 1.80 and a debt ratio of 3.89. The company’s 50-day moving average is $ 19.36 and its 200-day running average is $ 19.46. The stock has a market capitalization of $ 8.09 billion, a P / E ratio of 7.73, a P / E ratio of 1.84 and a beta of 0.69.
The company also recently announced an annual dividend that was paid out on Thursday 5 May. Investors listed on Friday, April 22 received $ 0.909 in dividends. This corresponds to a yield of 4.27%. The first dividend day for this dividend was Thursday 21 April. The dividend payout ratio of Banco Santander-Chile is now 38.29%.
Several stock analysts have recently commented on BSAC shares. StockNews.com shares in Banco Santander-Chile rose from a “sell” rating to a “hold” rating in a report on Friday, May 20th. Itaú Unibanco downgraded the Banco Santander-Chile credit rating from “over” to “market yield” and set a $ 22.00 target for the share. in a report on Tuesday, June 7. Credit Suisse Group upgraded Banco Santander-Chile shares from a “neutral” rating to a “superior” rating and raised the company’s price target from $ 19.00 to $ 24.00 in a report on Wednesday, March 2. Finally, Itau BBA Securities downgraded the shares of Banco Santander-Chile from the “over” rating to the “market yield” rating and set a $ 22.00 target price for the stock. in a report on Tuesday, June 7. Five analysts rated the stock and one issued a buy rating for the company. According to MarketBeat, the company has a solid rating of “Hold” and an average price target of $ 22.75.
Profile of Banco Santander-Chile (get a rating)
Banco Santander-Chile, together with its subsidiaries, offers commercial and retail banking products and services in Chile. It operates through retail banking, central marketing, investment banking and corporate. The company offers debit and credit cards, checking accounts and savings products; consumer, car, commercial, mortgage and government-guaranteed loans; and loans in Chilean pesos and foreign currency to finance various commercial transactions, transactions, forward currency contracts and credit lines, as well as mortgage lending services.
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