Allspring Global Investments Holdings LLC Lowers Stake in Banco Santander Chile $BSAC

Allspring Global Investments Holdings LLC decreased its position in shares of Banco Santander Chile (NYSE:BSAC) by 32.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,285,616 shares of the bank’s stock after selling 611,603 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Banco Santander Chile were worth $40,111,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in Banco Santander Chile by 457.1% in the 1st quarter. AQR Capital Management LLC now owns 107,076 shares of the bank’s stock worth $2,441,000 after buying an additional 87,856 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Banco Santander Chile by 140.0% in the first quarter. Jane Street Group LLC now owns 47,222 shares of the bank’s stock worth $1,077,000 after buying an additional 27,549 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Banco Santander Chile in the 1st quarter valued at about $240,000. Creative Planning lifted its stake in shares of Banco Santander Chile by 19.1% in the 2nd quarter. Creative Planning now owns 16,854 shares of the bank’s stock valued at $425,000 after acquiring an additional 2,697 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Banco Santander Chile by 31.6% in the second quarter. American Century Companies Inc. now owns 271,733 shares of the bank’s stock worth $6,853,000 after buying an additional 65,264 shares during the period. Institutional investors own 6.42% of the company’s stock.

Banco Santander Chile Stock Down 1.5%

Banco Santander Chile stock opened at $33.18 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.94. Banco Santander Chile has a 12 month low of $20.77 and a 12 month high of $37.72. The firm has a market cap of $15.63 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 1.02 and a beta of 0.55. The stock has a fifty day simple moving average of $34.07 and a two-hundred day simple moving average of $31.03.

Banco Santander Chile (NYSE:BSAC) last released its quarterly earnings data on Monday, February 9th. The bank reported $0.62 EPS for the quarter. The company had revenue of $740.07 million during the quarter. Banco Santander Chile had a return on equity of 21.51% and a net margin of 24.57%. Equities analysts predict that Banco Santander Chile will post 2.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BSAC. Wall Street Zen upgraded shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Chile in a research note on Wednesday, January 21st. Morgan Stanley set a $38.00 target price on Banco Santander Chile in a report on Wednesday, March 11th. The Goldman Sachs Group downgraded Banco Santander Chile from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. raised Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 target price for the company in a research report on Monday. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.50.

Banco Santander Chile Profile

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.