6 days Ago By ABMN Staff
Pictet Asset Management Holding SA reduced its stake in Banco Santander-Chile ( NYSE:BSAC – Free Report ) by 27.7% during the fourth quarter, Holdings Channel.com reports.
The firm owned 11,221 shares of the bank’s stock after selling 4,300 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Banco Santander-Chile were worth $212,000 as of its most recent filing with the SEC. A number of other institutional investors also recently bought and sold shares of BSAC.
State Street Corp raised its stake in Banco Santander-Chile by 25.3% during the 3rd quarter. State Street Corp now owns 293,049 shares of the bank’s stock worth $6,084,000 after acquiring an additional 59,215 shares during the period.
Jane Street Group LLC bought a new stake in shares of Banco Santander-Chile during the 3rd quarter valued at $527,000. Public Employees Retirement System of Ohio purchased a new position in shares of Banco Santander-Chile during the 3rd quarter valued at $1,724,000. Franklin Resources Inc.
boosted its holdings in Banco Santander-Chile by 1.1% in the 3rd quarter. Franklin Resources Inc.
now owns 3,164,490 shares of the bank’s stock worth $63,859,000 after buying an additional 33,291 shares during the period. Finally, SPX Gestao de Recursos Ltda purchased a new stake in Banco Santander-Chile in the 3rd quarter worth $736,000. 6.
42% of the stock is owned by institutional investors. Banco Santander-Chile Price Performance Shares of NYSE:BSAC opened at $22.26 on Friday.
The firm has a market cap of $10.49 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 0.
96 and a beta of 0.72. The firm has a fifty day moving average price of $22.
36 and a 200 day moving average price of $20.51. Banco Santander-Chile has a fifty-two week low of $17.
73 and a fifty-two week high of $23.80. The company has a debt-to-equity ratio of 2.
70, a quick ratio of 1.79 and a current ratio of 1.79.
Banco Santander-Chile Increases Dividend The company also recently declared an annual dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $1.349 per share.
This represents a yield of 4.8%. The ex-dividend date is Wednesday, April 23rd.
This is a boost from Banco Santander-Chile’s previous annual dividend of $1.25. Banco Santander-Chile’s dividend payout ratio (DPR) is currently 28.
87%. Wall Street Analysts Forecast Growth Separately, Bank of America downgraded Banco Santander-Chile from a “buy” rating to a “neutral” rating and lowered their price objective 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 given a buy rating to the company’s stock. Based on data from MarketBeat.
com, Banco Santander-Chile presently has a consensus rating of “Hold” and an average price target of $21.33. Check Out Our Latest Research Report on BSAC About Banco Santander-Chile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding BSAC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Banco Santander-Chile ( NYSE:BSAC – Free Report ). Receive News & Ratings for Banco Santander-Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander-Chile and related companies with MarketBeat.com's FREE daily email newsletter .
.
