TD Asset Management Inc. acquired a new position in shares of Banco Santander Chile (NYSE:BSAC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,487 shares of the bank’s stock, valued at approximately $341,000.

Other large investors have also recently made changes to their positions in the company. Global X Management Co. LLC grew its holdings in shares of Banco Santander Chile by 1.4% during the 2nd quarter. Global X Management Co. LLC now owns 7,605 shares of the bank’s stock worth $193,000 after purchasing an additional 108 shares in the last quarter. Timber Hill LLC acquired a new stake in shares of Banco Santander Chile during the 3rd quarter worth approximately $252,000. Stevens Capital Management LP acquired a new stake in shares of Banco Santander Chile during the 3rd quarter worth approximately $286,000. Financial Counselors Inc. grew its holdings in shares of Banco Santander Chile by 2.8% during the 2nd quarter. Financial Counselors Inc. now owns 12,623 shares of the bank’s stock worth $321,000 after purchasing an additional 346 shares in the last quarter. Finally, Banco BTG Pactual S.A. acquired a new stake in shares of Banco Santander Chile during the 2nd quarter worth approximately $369,000. 21.75% of the stock is currently owned by institutional investors.

Shares of Banco Santander Chile (NYSE:BSAC) opened at $28.99 on Friday. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $13,228.91, a price-to-earnings ratio of 16.05, a P/E/G ratio of 1.40 and a beta of 0.69. Banco Santander Chile has a one year low of $21.21 and a one year high of $32.02.

Several brokerages have recently weighed in on BSAC. BidaskClub lowered Banco Santander Chile from a “buy” rating to a “hold” rating in a report on Sunday, November 5th. Scotia Howard Weill lowered Banco Santander Chile from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, October 24th. Zacks Investment Research raised Banco Santander Chile from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Thursday, November 16th. UBS lowered Banco Santander Chile from a “neutral” rating to a “sell” rating and boosted their price target for the company from $24.00 to $27.00 in a research note on Tuesday, August 22nd. Finally, Citigroup lowered Banco Santander Chile from a “buy” rating to a “neutral” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $28.00.

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About Banco Santander Chile

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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Institutional Ownership by Quarter for Banco Santander Chile (NYSE:BSAC)

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