RWC Asset Management LLP Lowers Position in Banco Santander-Chile (NYSE:BSAC)

RWC Asset Management LLP decreased its position in Banco Santander-Chile (NYSE:BSAC) by 18.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 568,859 shares of the bank’s stock after selling 125,891 shares during the quarter. RWC Asset Management LLP’s holdings in Banco Santander-Chile were worth $10,729,000 as of its most recent SEC filing.

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

Banco Santander-Chile Stock Down 2.2 %

Shares of NYSE BSAC opened at $21.79 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.70. The business has a 50-day moving average of $19.96 and a 200-day moving average of $19.95. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 0.96 and a beta of 0.86. Banco Santander-Chile has a 12 month low of $17.73 and a 12 month high of $22.89.

Banco Santander-Chile (NYSE:BSAC) last released its quarterly earnings results 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 return on equity of 19.15% and a net margin of 19.16%. Sell-side analysts expect that Banco Santander-Chile will post 2.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Bank of America cut shares of 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 research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Banco Santander-Chile presently has an average rating of “Hold” and an average 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.