RWC Asset Management LLP Sells 125,891 Shares of Banco Santander-Chile (NYSE:BSAC)

RWC Asset Management LLP reduced its position in Banco Santander-Chile (NYSE:BSAC) by 18.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 568,859 shares of the bank’s stock after selling 125,891 shares during the quarter. RWC Asset Management LLP owned approximately 0.12% of Banco Santander-Chile worth $10,729,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. abrdn plc boosted its position in Banco Santander-Chile by 76.4% during the third quarter. abrdn plc now owns 861,295 shares of the bank’s stock valued at $18,036,000 after acquiring an additional 372,936 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake in shares of Banco Santander-Chile by 79.6% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 296,922 shares of the bank’s stock valued at $6,164,000 after purchasing an additional 131,637 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Banco Santander-Chile during the 3rd quarter valued at about $1,724,000. JPMorgan Chase & Co. grew its stake in Banco Santander-Chile by 2.0% during the third quarter. JPMorgan Chase & Co. now owns 3,927,417 shares of the bank’s stock worth $81,533,000 after purchasing an additional 75,888 shares during the period. Finally, State Street Corp increased its holdings in Banco Santander-Chile by 25.3% in the third quarter. State Street Corp now owns 293,049 shares of the bank’s stock worth $6,084,000 after purchasing an additional 59,215 shares in the last quarter. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander-Chile Stock Performance

Shares of BSAC opened at $21.79 on Monday. Banco Santander-Chile has a one year low of $17.73 and a one year high of $22.89. The company has a market cap of $10.26 billion, a PE ratio of 11.23, a P/E/G ratio of 0.96 and a beta of 0.86. The stock has a 50-day moving average of $19.96 and a 200-day moving average of $19.95. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.79.

Banco Santander-Chile (NYSE:BSAC) last announced its quarterly earnings data on Friday, January 31st. The bank reported $0.61 EPS 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%. On average, equities research analysts predict that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About Banco Santander-Chile

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.