USS Investment Management Ltd Purchases 488,676 Shares of Banco Santander Chile $BSAC

USS Investment Management Ltd boosted its position in shares of Banco Santander Chile (NYSE:BSAC) by 45.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,561,544 shares of the bank’s stock after acquiring an additional 488,676 shares during the quarter. USS Investment Management Ltd’s holdings in Banco Santander Chile were worth $48,603,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Banco Santander Chile during the second quarter worth $33,000. EverSource Wealth Advisors LLC raised its position in shares of Banco Santander Chile by 577.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock valued at $39,000 after purchasing an additional 1,329 shares during the period. Farther Finance Advisors LLC raised its position in shares of Banco Santander Chile by 199.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,511 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,007 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Banco Santander Chile by 739.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,486 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,309 shares during the period. Finally, Barclays PLC raised its position in shares of Banco Santander Chile by 703.0% in the fourth quarter. Barclays PLC now owns 2,666 shares of the bank’s stock valued at $83,000 after purchasing an additional 2,334 shares during the period. 6.42% of the stock is owned by institutional investors.

Banco Santander Chile Trading Up 0.1%

BSAC opened at $32.54 on Monday. The company’s 50 day moving average is $32.30 and its 200-day moving average is $32.64. Banco Santander Chile has a 1-year low of $22.77 and a 1-year high of $37.72. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.26. The company has a market cap of $15.33 billion, a P/E ratio of 14.02, a PEG ratio of 0.77 and a beta of 0.52.

Banco Santander Chile (NYSE:BSAC) last posted its quarterly earnings results on Monday, April 13th. The bank reported $0.63 earnings per share for the quarter. Banco Santander Chile had a net margin of 24.95% and a return on equity of 21.00%. The company had revenue of $791.52 million for the quarter. Equities research analysts predict that Banco Santander Chile will post 2.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BSAC. Erste Group Bank raised shares of Banco Santander Chile to a “strong-buy” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. raised shares of Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 price objective on the stock in a research report on Monday, March 30th. Wall Street Zen raised shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research report on Sunday, May 24th. Morgan Stanley set a $38.00 price objective on shares of Banco Santander Chile in a research report on Wednesday, March 11th. Finally, UBS Group decreased their price target on shares of Banco Santander Chile from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Banco Santander Chile has an average rating of “Hold” and an average target price of $36.00.

About Banco Santander Chile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.