Veriti Management LLC Increases Position in Banco Santander-Chile (NYSE:BSAC)

Veriti Management LLC increased its stake in Banco Santander-Chile (NYSE:BSACGet Rating) by 5.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,622 shares of the bank’s stock after acquiring an additional 2,171 shares during the period. Veriti Management LLC’s holdings in Banco Santander-Chile were worth $895,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Schroder Investment Management Group grew its position in Banco Santander-Chile by 37.7% in the fourth quarter. Schroder Investment Management Group now owns 9,100,528 shares of the bank’s stock worth $371,000 after acquiring an additional 2,490,355 shares in the last quarter. JPMorgan Chase & Co. grew its position in Banco Santander-Chile by 33.3% in the fourth quarter. JPMorgan Chase & Co. now owns 3,712,692 shares of the bank’s stock worth $60,479,000 after acquiring an additional 926,894 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Banco Santander-Chile in the fourth quarter worth $45,857,000. Wellington Management Group LLP boosted its position in Banco Santander-Chile by 28.5% during the third quarter. Wellington Management Group LLP now owns 1,002,241 shares of the bank’s stock valued at $19,814,000 after buying an additional 222,232 shares during the period. Finally, Philadelphia Financial Management of San Francisco LLC purchased a new stake in Banco Santander-Chile during the fourth quarter valued at about $14,387,000. Institutional investors own 10.65% of the company’s stock.

Several research firms have issued reports on BSAC. StockNews.com upgraded shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a research report on Friday, May 20th. Itaú Unibanco lowered shares of Banco Santander-Chile from an “outperform” rating to a “market perform” rating and set a $22.00 price target for the company. in a research report on Tuesday, June 7th. Itau BBA Securities lowered shares of Banco Santander-Chile from an “outperform” rating to a “market perform” rating and set a $22.00 price target for the company. in a research report on Tuesday, June 7th. Finally, Credit Suisse Group upgraded shares of Banco Santander-Chile from a “neutral” rating to an “outperform” rating and upped their price target for the company from $19.00 to $24.00 in a research report on Wednesday, March 2nd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Banco Santander-Chile currently has a consensus rating of “Hold” and a consensus price target of $22.75.

Shares of NYSE:BSAC opened at $17.17 on Thursday. The company has a market cap of $8.09 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 1.84 and a beta of 0.69. The company has a 50-day moving average price of $19.36 and a 200-day moving average price of $19.46. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 3.89. Banco Santander-Chile has a 12 month low of $15.37 and a 12 month high of $22.95.

The company also recently disclosed an annual dividend, which was paid on Thursday, May 5th. Stockholders of record on Friday, April 22nd were paid a dividend of $0.909 per share. This represents a dividend yield of 4.27%. The ex-dividend date of this dividend was Thursday, April 21st. Banco Santander-Chile’s dividend payout ratio (DPR) is 38.29%.

About Banco Santander-Chile (Get Rating)

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and 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.

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Institutional Ownership by Quarter for Banco Santander-Chile (NYSE:BSAC)

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