RWC Asset Advisors US LLC Has $1.47 Million Stake in Banco Santander-Chile (NYSE:BSAC)

RWC Asset Advisors US LLC lowered its stake in Banco Santander-Chile (NYSE:BSAC) by 20.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,653 shares of the bank’s stock after selling 20,331 shares during the quarter. Banco Santander-Chile makes up approximately 0.3% of RWC Asset Advisors US LLC’s investment portfolio, making the stock its 15th largest position. RWC Asset Advisors US LLC’s holdings in Banco Santander-Chile were worth $1,465,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BSAC. Mirae Asset Global Investments Co. Ltd. lifted its stake in Banco Santander-Chile by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank’s stock valued at $58,000 after purchasing an additional 903 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Banco Santander-Chile by 11.0% during the fourth quarter. Blue Trust Inc. now owns 18,415 shares of the bank’s stock worth $382,000 after buying an additional 1,831 shares in the last quarter. R Squared Ltd bought a new position in shares of Banco Santander-Chile in the 4th quarter valued at $61,000. Natixis Advisors LLC acquired a new stake in shares of Banco Santander-Chile during the 3rd quarter valued at $212,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Banco Santander-Chile during the 4th quarter valued at $364,000. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Bank of America cut Banco Santander-Chile from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $22.00 to $21.00 in a report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $21.33.

Banco Santander-Chile Trading Down 2.2 %

Shares of NYSE BSAC opened at $21.79 on Monday. The firm has a 50 day moving average price of $19.96 and a two-hundred day moving average price of $19.95. The stock has a market cap of $10.26 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 0.96 and a beta of 0.86. Banco Santander-Chile has a 52-week low of $17.73 and a 52-week high of $22.89. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79.

Banco Santander-Chile (NYSE:BSAC) last posted its quarterly earnings data on Friday, January 31st. The bank reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. As a group, equities analysts forecast that Banco Santander-Chile will post 2.07 EPS for the current year.

Banco Santander-Chile Profile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.