KBC Group NV Cuts Stake in Banco Santander-Chile (BSAC)

KBC Group NV cut its stake in Banco Santander-Chile (NASDAQ:BSAC) by 12.5% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 48,535 shares of the bank’s stock after selling 6,905 shares during the period. KBC Group NV’s holdings in Banco Santander-Chile were worth $1,217,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capstone Asset Management Co. boosted its position in Banco Santander-Chile by 8.3% in the first quarter. Capstone Asset Management Co. now owns 354,032 shares of the bank’s stock valued at $8,879,000 after buying an additional 27,179 shares during the period. Harding Loevner LP boosted its position in Banco Santander-Chile by 2.4% in the first quarter. Harding Loevner LP now owns 6,150,156 shares of the bank’s stock valued at $154,246,000 after buying an additional 146,400 shares during the period. Macquarie Group Ltd. boosted its position in Banco Santander-Chile by 5.2% in the fourth quarter. Macquarie Group Ltd. now owns 36,570 shares of the bank’s stock valued at $800,000 after buying an additional 1,800 shares during the period. UBS Asset Management Americas Inc. boosted its position in Banco Santander-Chile by 19.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 581,822 shares of the bank’s stock valued at $12,724,000 after buying an additional 93,468 shares during the period. Finally, William Blair Investment Management LLC boosted its position in Banco Santander-Chile by 54.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,571,413 shares of the bank’s stock valued at $34,367,000 after buying an additional 554,640 shares during the period.

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

Banco Santander-Chile (BSAC) opened at 24.52 on Monday. Banco Santander-Chile has a 52-week low of $17.83 and a 52-week high of $25.55. The company has a market cap of $11.55 billion and a PE ratio of 15.32. The firm has a 50-day moving average of $24.22 and a 200 day moving average of $23.12.

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Several research analysts have commented on the stock. Credit Suisse Group restated a “neutral” rating and issued a $26.00 target price (up previously from $25.00) on shares of Banco Santander-Chile in a research report on Wednesday, April 19th. Zacks Investment Research upgraded shares of Banco Santander-Chile from a “sell” rating to a “hold” rating and set a $28.00 target price for the company in a research report on Thursday, April 6th. BidaskClub cut shares of Banco Santander-Chile from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Goldman Sachs Group, Inc. (The) upped their target price on shares of Banco Santander-Chile from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Banco Santander-Chile has an average rating of “Hold” and a consensus price target of $25.00.

Banco Santander-Chile Company 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.

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