Sumitomo Mitsui Trust Holdings Inc. Sells 7,460 Shares of Banco Santander-Chile (NYSE:BSAC)

Sumitomo Mitsui Trust Holdings Inc. cut its position in Banco Santander-Chile (NYSE:BSAC) by 10.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,169 shares of the bank’s stock after selling 7,460 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Banco Santander-Chile were worth $1,231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. DNB Asset Management AS bought a new stake in shares of Banco Santander-Chile during the 4th quarter worth $2,669,000. Barclays PLC bought a new position in shares of Banco Santander-Chile in the third quarter worth about $658,000. RWC Asset Management LLP grew its holdings in shares of Banco Santander-Chile by 48.7% during the 3rd quarter. RWC Asset Management LLP now owns 495,671 shares of the bank’s stock valued at $9,091,000 after purchasing an additional 162,396 shares during the last quarter. NS Partners Ltd increased its position in Banco Santander-Chile by 8.0% during the 3rd quarter. NS Partners Ltd now owns 487,236 shares of the bank’s stock worth $8,936,000 after purchasing an additional 35,900 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Banco Santander-Chile by 9.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,131 shares of the bank’s stock valued at $222,000 after purchasing an additional 1,033 shares during the last quarter. Institutional investors own 6.42% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Banco Santander-Chile has a consensus rating of “Hold” and a consensus target price of $19.97.

Banco Santander-Chile Stock Performance

NYSE:BSAC opened at $18.22 on Friday. The stock’s 50-day moving average is $19.48 and its 200-day moving average is $18.94. Banco Santander-Chile has a 1-year low of $16.89 and a 1-year high of $21.81. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 3.44. The stock has a market cap of $8.58 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 0.37 and a beta of 0.82.

Banco Santander-Chile (NYSE:BSAC) last issued its quarterly earnings data on Friday, February 2nd. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $621.60 million during the quarter, compared to analyst estimates of $609.98 million. Banco Santander-Chile had a net margin of 9.99% and a return on equity of 10.73%. Equities research analysts anticipate that Banco Santander-Chile will post 1.85 earnings per share for the current year.

Banco Santander-Chile Profile

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.