83,054 Shares in Banco Santander-Chile (NYSE:BSAC) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in Banco Santander-Chile (NYSE:BSAC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 83,054 shares of the bank’s stock, valued at approximately $1,724,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of Banco Santander-Chile by 0.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,826,769 shares of the bank’s stock worth $53,228,000 after buying an additional 23,000 shares during the last quarter. RWC Asset Management LLP boosted its position in Banco Santander-Chile by 60.5% in the 2nd quarter. RWC Asset Management LLP now owns 796,552 shares of the bank’s stock worth $14,999,000 after purchasing an additional 300,257 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Banco Santander-Chile during the 2nd quarter worth approximately $195,000. AGF Management Ltd. increased its holdings in shares of Banco Santander-Chile by 6.5% during the 2nd quarter. AGF Management Ltd. now owns 402,781 shares of the bank’s stock valued at $7,584,000 after purchasing an additional 24,697 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Banco Santander-Chile by 5.6% in the 2nd quarter. American Century Companies Inc. now owns 154,030 shares of the bank’s stock valued at $2,900,000 after purchasing an additional 8,138 shares during the period. 6.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Bank of America lowered shares of Banco Santander-Chile from a “buy” rating to a “neutral” rating and dropped their price target for the company from $22.00 to $21.00 in a research report on Monday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.33.

Banco Santander-Chile Trading Down 2.5 %

Shares of NYSE:BSAC opened at $18.60 on Thursday. The business’s 50 day moving average price is $19.63 and its 200-day moving average price is $19.74. Banco Santander-Chile has a 1 year low of $17.73 and a 1 year high of $21.43. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 0.41 and a beta of 0.87. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.79 and a quick ratio of 1.79.

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.