Banco Santander Chile (BSAC) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its stake in shares of Banco Santander Chile (NYSE:BSAC) by 9.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,185,090 shares of the bank’s stock after selling 328,000 shares during the period. Wells Fargo & Company MN’s holdings in Banco Santander Chile were worth $94,629,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Banco Santander Chile by 10.2% in the first quarter. Vanguard Group Inc. now owns 1,923,488 shares of the bank’s stock worth $48,241,000 after acquiring an additional 178,061 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Banco Santander Chile by 17.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 133,145 shares of the bank’s stock worth $3,340,000 after acquiring an additional 19,402 shares during the last quarter. Aperio Group LLC lifted its holdings in Banco Santander Chile by 13.3% in the second quarter. Aperio Group LLC now owns 79,963 shares of the bank’s stock worth $2,032,000 after acquiring an additional 9,410 shares during the last quarter. Pictet Asset Management Ltd. lifted its holdings in Banco Santander Chile by 17.4% in the second quarter. Pictet Asset Management Ltd. now owns 37,188 shares of the bank’s stock worth $919,000 after acquiring an additional 5,500 shares during the last quarter. Finally, Global X Management Co. LLC lifted its holdings in Banco Santander Chile by 1.4% in the second quarter. Global X Management Co. LLC now owns 7,605 shares of the bank’s stock worth $193,000 after acquiring an additional 108 shares during the last quarter. 21.75% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Chile (BSAC) opened at $26.65 on Wednesday. Banco Santander Chile has a 12 month low of $21.21 and a 12 month high of $32.02. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 2.75. The company has a market cap of $12,771.93, a P/E ratio of 15.49, a P/E/G ratio of 1.35 and a beta of 0.69.

A number of equities analysts have issued reports on BSAC shares. Zacks Investment Research raised shares of Banco Santander Chile from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Thursday, November 16th. BidaskClub lowered shares of Banco Santander Chile from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Citigroup lowered shares of Banco Santander Chile from a “buy” rating to a “neutral” rating in a research note on Friday, December 1st. Scotia Howard Weill upgraded shares of Banco Santander Chile from a “sector perform” rating to an “outperform” rating in a research note on Friday, August 25th. Finally, UBS lowered shares of Banco Santander Chile from a “neutral” rating to a “sell” rating and raised their price target for the company from $24.00 to $27.00 in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $28.00.

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Banco Santander Chile Profile

Banco Santander-Chile (the Bank), formerly Banco Santander Chile, is a Chilean bank. The Bank’s segments include Retail banking, Middle-market, Global Corporate Banking and Corporate Activities (Other). The Retail Banking segment consists of individuals and small to middle-sized entities (SMEs). The Middle-market segment serves companies and large corporations.

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

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