INCA Investments LLC Has $33.11 Million Position in Banco Santander Chile $BSAC

INCA Investments LLC lifted its position in shares of Banco Santander Chile (NYSE:BSAC) by 48.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,064,274 shares of the bank’s stock after acquiring an additional 349,082 shares during the quarter. Banco Santander Chile makes up 11.6% of INCA Investments LLC’s investment portfolio, making the stock its 5th largest position. INCA Investments LLC’s holdings in Banco Santander Chile were worth $33,110,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BSAC. Allianz Asset Management GmbH purchased a new stake in Banco Santander Chile during the 3rd quarter worth about $597,000. Deprince Race & Zollo Inc. purchased a new stake in Banco Santander Chile during the 4th quarter worth about $3,369,000. JPMorgan Chase & Co. lifted its holdings in Banco Santander Chile by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,113,470 shares of the bank’s stock worth $82,507,000 after purchasing an additional 17,119 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Banco Santander Chile by 13.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 136,278 shares of the bank’s stock worth $4,240,000 after purchasing an additional 16,326 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new stake in Banco Santander Chile during the 3rd quarter worth about $381,000. Institutional investors own 6.42% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on BSAC shares. Morgan Stanley set a $38.00 price objective on Banco Santander Chile in a report on Wednesday, March 11th. The Goldman Sachs Group cut Banco Santander Chile from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Bank of America raised Banco Santander Chile from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a report on Wednesday, April 1st. Wall Street Zen raised Banco Santander Chile from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, JPMorgan Chase & Co. raised Banco Santander Chile from a “neutral” rating to an “overweight” rating and set a $40.00 price objective on the stock in a report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Banco Santander Chile has a consensus rating of “Hold” and an average price target of $35.50.

Banco Santander Chile Stock Performance

NYSE:BSAC opened at $30.22 on Wednesday. The business’s 50-day moving average price is $32.65 and its two-hundred day moving average price is $32.31. Banco Santander Chile has a twelve month low of $22.77 and a twelve month high of $37.72. The stock has a market cap of $14.24 billion, a P/E ratio of 13.03, a PEG ratio of 0.86 and a beta of 0.53. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 2.26.

Banco Santander Chile (NYSE:BSAC) last released its quarterly earnings results on Monday, April 13th. The bank reported $0.63 earnings per share for the quarter. Banco Santander Chile had a return on equity of 21.00% and a net margin of 24.95%.The firm had revenue of $791.52 million for the quarter. As a group, equities analysts predict that Banco Santander Chile will post 2.86 EPS for the current fiscal year.

About Banco Santander Chile

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.