RWC Asset Advisors US LLC Sells 20,331 Shares of Banco Santander-Chile (NYSE:BSAC)

RWC Asset Advisors US LLC cut its holdings in Banco Santander-Chile (NYSE:BSAC) by 20.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,653 shares of the bank’s stock after selling 20,331 shares during the quarter. Banco Santander-Chile accounts for 0.3% of RWC Asset Advisors US LLC’s investment portfolio, making the stock its 15th largest holding. RWC Asset Advisors US LLC’s holdings in Banco Santander-Chile were worth $1,465,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of BSAC. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Banco Santander-Chile by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,089 shares of the bank’s stock valued at $58,000 after acquiring an additional 903 shares in the last quarter. R Squared Ltd acquired a new stake in Banco Santander-Chile in the fourth quarter worth $61,000. Natixis Advisors LLC bought a new stake in Banco Santander-Chile in the third quarter valued at $212,000. FNY Investment Advisers LLC bought a new stake in Banco Santander-Chile in the fourth quarter valued at $364,000. Finally, Blue Trust Inc. raised its holdings in shares of Banco Santander-Chile by 11.0% during the fourth quarter. Blue Trust Inc. now owns 18,415 shares of the bank’s stock valued at $382,000 after purchasing an additional 1,831 shares during the period. 6.42% of the stock is currently owned by institutional investors.

Banco Santander-Chile Stock Performance

NYSE BSAC opened at $21.79 on Monday. The company has a market cap of $10.26 billion, a P/E ratio of 11.23, a PEG ratio of 0.96 and a beta of 0.86. The company has a fifty day simple moving average of $19.96 and a 200 day simple moving average of $19.95. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.70. Banco Santander-Chile has a 12-month low of $17.73 and a 12-month high of $22.89.

Banco Santander-Chile (NYSE:BSAC) last issued its quarterly earnings data on Friday, January 31st. The bank reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). Banco Santander-Chile had a net margin of 19.16% and a return on equity of 19.15%. Sell-side analysts predict that Banco Santander-Chile will post 2.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Bank of America lowered Banco Santander-Chile from a “buy” rating to a “neutral” rating and decreased their target price for the company from $22.00 to $21.00 in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.33.

About Banco Santander-Chile

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.