Timber Hill LLC bought a new position in Banco Santander Chile (NYSE:BSAC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,494 shares of the bank’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BSAC. Legal & General Group Plc purchased a new position in shares of Banco Santander Chile in the 1st quarter worth $1,310,000. Vanguard Group Inc. raised its position in shares of Banco Santander Chile by 10.2% in the 1st quarter. Vanguard Group Inc. now owns 1,923,488 shares of the bank’s stock worth $48,241,000 after buying an additional 178,061 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Banco Santander Chile by 17.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 133,145 shares of the bank’s stock worth $3,340,000 after buying an additional 19,402 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Banco Santander Chile by 17.5% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 12,266 shares of the bank’s stock worth $307,000 after buying an additional 1,824 shares during the period. Finally, Aperio Group LLC raised its position in shares of Banco Santander Chile by 13.3% in the 2nd quarter. Aperio Group LLC now owns 79,963 shares of the bank’s stock worth $2,032,000 after buying an additional 9,410 shares during the period. 17.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of Banco Santander Chile (BSAC) traded up $0.49 during trading on Friday, hitting $30.35. The stock had a trading volume of 343,900 shares, compared to its average volume of 439,014. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 2.75. The firm has a market capitalization of $14,067.49, a P/E ratio of 17.06, a PEG ratio of 1.49 and a beta of 0.75. Banco Santander Chile has a 12 month low of $21.06 and a 12 month high of $32.02.

WARNING: “Timber Hill LLC Buys Shares of 8,494 Banco Santander Chile (BSAC)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.watchlistnews.com/timber-hill-llc-buys-shares-of-8494-banco-santander-chile-bsac/1709700.html.

Several brokerages recently issued reports on BSAC. BidaskClub downgraded Banco Santander Chile from a “buy” rating to a “hold” rating in a report on Sunday, November 5th. Zacks Investment Research downgraded Banco Santander Chile from a “buy” rating to a “hold” rating in a report on Friday, August 4th. UBS AG downgraded Banco Santander Chile from a “neutral” rating to a “sell” rating and increased their price target for the company from $24.00 to $27.00 in a report on Tuesday, August 22nd. Finally, Scotia Howard Weill upgraded Banco Santander Chile from a “sector perform” rating to an “outperform” rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $28.00.

Banco Santander Chile 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.

Want to see what other hedge funds are holding BSAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Santander Chile (NYSE:BSAC).

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

Receive News & Ratings for Banco Santander Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander Chile and related companies with Analyst Ratings Network's FREE daily email newsletter.