State of New Jersey Common Pension Fund D Grows Position in Banco Santander-Chile (NYSE:BSAC)

State of New Jersey Common Pension Fund D boosted its stake in shares of Banco Santander-Chile (NYSE:BSAC) by 4.5% during the 2nd quarter, Holdings Channel reports. The firm owned 340,347 shares of the bank’s stock after acquiring an additional 14,640 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Banco Santander-Chile were worth $10,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its holdings in shares of Banco Santander-Chile by 29.6% in the 1st quarter. Advisors Asset Management Inc. now owns 3,849 shares of the bank’s stock valued at $115,000 after acquiring an additional 878 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new stake in shares of Banco Santander-Chile in the 1st quarter valued at $200,000. Barclays PLC purchased a new stake in shares of Banco Santander-Chile in the 4th quarter valued at $264,000. Qtron Investments LLC purchased a new stake in shares of Banco Santander-Chile in the 1st quarter valued at $387,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Banco Santander-Chile in the 1st quarter valued at $475,000. 13.16% of the stock is currently owned by institutional investors.

Shares of BSAC stock traded down $0.20 during trading hours on Wednesday, hitting $29.09. The company’s stock had a trading volume of 7,338 shares, compared to its average volume of 188,760. The stock has a 50 day simple moving average of $29.75. The stock has a market cap of $13.99 billion, a PE ratio of 16.16, a PEG ratio of 1.32 and a beta of 0.62. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.75 and a current ratio of 1.75. Banco Santander-Chile has a 12-month low of $27.06 and a 12-month high of $33.32.

Banco Santander-Chile (NYSE:BSAC) last posted its earnings results on Tuesday, April 30th. The bank reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.10). Banco Santander-Chile had a net margin of 22.18% and a return on equity of 17.02%. The firm had revenue of $643.29 million during the quarter, compared to analyst estimates of $680.11 million. Research analysts expect that Banco Santander-Chile will post 1.89 EPS for the current year.

Several analysts have recently commented on BSAC shares. ValuEngine downgraded shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research raised shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a report on Tuesday. Scotia Howard Weill raised shares of Banco Santander-Chile from a “sector perform” rating to an “outperform” rating in a report on Thursday, July 25th. Finally, HSBC raised shares of Banco Santander-Chile from a “reduce” rating to a “hold” rating in a report on Thursday, July 18th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $32.00.

Banco Santander-Chile Company Profile

Banco Santander-Chile provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, and Global Corporate Banking segments. The company offers checking accounts and savings products; consumer, auto, commercial, mortgage, and government-guaranteed loans; credit and debit cards; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines.

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

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