JPMorgan Chase & Co. Has $81.53 Million Stock Position in Banco Santander-Chile (NYSE:BSAC)

JPMorgan Chase & Co. raised its position in shares of Banco Santander-Chile (NYSE:BSAC) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,927,417 shares of the bank’s stock after acquiring an additional 75,888 shares during the quarter. JPMorgan Chase & Co.’s holdings in Banco Santander-Chile were worth $81,533,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. State Street Corp grew 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 during the period. Mirabella Financial Services LLP bought a new position in shares of Banco Santander-Chile during the 3rd quarter worth about $700,000. AGF Management Ltd. grew its stake in shares of Banco Santander-Chile by 6.5% in the 2nd quarter. AGF Management Ltd. now owns 402,781 shares of the bank’s stock valued at $7,584,000 after buying an additional 24,697 shares during the period. Itau Unibanco Holding S.A. increased its position in Banco Santander-Chile by 900.5% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 165,285 shares of the bank’s stock valued at $3,107,000 after buying an additional 148,764 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Banco Santander-Chile during the 3rd quarter worth approximately $1,724,000. Institutional investors and hedge funds own 6.42% of the company’s stock.

Analysts Set New Price Targets

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

Banco Santander-Chile Trading Down 0.8 %

NYSE:BSAC opened at $18.71 on Friday. 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 has a one year low of $17.73 and a one year high of $21.43. The company has a market cap of $8.81 billion, a PE ratio of 10.63, a PEG ratio of 0.41 and a beta of 0.87. The firm has a 50-day moving average of $19.28 and a 200-day moving average of $19.72.

Banco Santander-Chile Company 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.