Acadian Asset Management LLC Sells 4,995 Shares of Banco Santander-Chile (BSAC)
Acadian Asset Management LLC cut its stake in shares of Banco Santander-Chile (NASDAQ:BSAC) by 25.8% during the second quarter, Holdings Channel reports. The firm owned 14,378 shares of the bank’s stock after selling 4,995 shares during the period. Acadian Asset Management LLC’s holdings in Banco Santander-Chile were worth $365,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Banco Santander-Chile by 4.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 85,631 shares of the bank’s stock valued at $2,148,000 after buying an additional 3,600 shares during the period. Pictet Asset Management Ltd. boosted its position in Banco Santander-Chile by 8.6% in the first quarter. Pictet Asset Management Ltd. now owns 31,688 shares of the bank’s stock valued at $795,000 after buying an additional 2,500 shares during the period. Comerica Bank boosted its position in Banco Santander-Chile by 1.3% in the first quarter. Comerica Bank now owns 27,055 shares of the bank’s stock valued at $638,000 after buying an additional 352 shares during the period. BNP Paribas Arbitrage SA purchased a new position in Banco Santander-Chile during the first quarter valued at approximately $235,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Banco Santander-Chile by 27.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,930 shares of the bank’s stock valued at $299,000 after buying an additional 2,580 shares during the period.
Banco Santander-Chile (BSAC) traded up 0.27% during trading on Tuesday, reaching $29.55. The company’s stock had a trading volume of 87,499 shares. The firm’s 50-day moving average is $27.00 and its 200-day moving average is $24.61. The stock has a market cap of $13.92 billion and a P/E ratio of 18.47. Banco Santander-Chile has a 52-week low of $20.22 and a 52-week high of $30.02.
Banco Santander-Chile (NASDAQ:BSAC) last issued its quarterly earnings data on Friday, July 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Banco Santander-Chile had a return on equity of 20.58% and a net margin of 29.10%. The company had revenue of $704.02 million during the quarter, compared to analysts’ expectations of $458.92 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. Equities research analysts forecast that Banco Santander-Chile will post $1.77 EPS for the current year.
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Several equities analysts have commented on the company. Zacks Investment Research cut Banco Santander-Chile from a “buy” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub raised Banco Santander-Chile from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $26.00 price target (up previously from $25.00) on shares of Banco Santander-Chile in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. Banco Santander-Chile currently has an average rating of “Hold” and an average target price of $25.25.
Banco Santander-Chile Company Profile
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.
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