JPMorgan Chase & Co. Has $82.51 Million Stock Position in Banco Santander Chile $BSAC

JPMorgan Chase & Co. lifted its stake in shares of Banco Santander Chile (NYSE:BSAC) by 0.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,113,470 shares of the bank’s stock after purchasing an additional 17,119 shares during the period. JPMorgan Chase & Co.’s holdings in Banco Santander Chile were worth $82,507,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Simplex Trading LLC bought a new position in shares of Banco Santander Chile in the second quarter valued at $25,000. Raymond James Financial Inc. bought a new stake in Banco Santander Chile during the second quarter worth $33,000. EverSource Wealth Advisors LLC lifted its stake in Banco Santander Chile by 577.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,559 shares of the bank’s stock valued at $39,000 after acquiring an additional 1,329 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in Banco Santander Chile in the third quarter valued at $152,000. Finally, Seldon Capital LP bought a new position in shares of Banco Santander Chile in the 2nd quarter valued at about $200,000. Institutional investors and hedge funds own 6.42% of the company’s stock.

Banco Santander Chile Price Performance

Shares of BSAC stock opened at $31.04 on Thursday. Banco Santander Chile has a 12-month low of $20.77 and a 12-month high of $37.72. The firm has a 50 day moving average price of $34.27 and a two-hundred day moving average price of $30.52. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.77 and a current ratio of 1.77.

Banco Santander Chile (NYSE:BSAC) last posted its earnings results on Monday, February 9th. The bank reported $0.62 EPS for the quarter. The company had revenue of $740.07 million for the quarter. Banco Santander Chile had a return on equity of 21.51% and a net margin of 24.57%. Research analysts predict that Banco Santander Chile will post 2.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Banco Santander Chile from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Morgan Stanley set a $38.00 price target on Banco Santander Chile in a research report on Wednesday, March 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Banco Santander Chile in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group downgraded Banco Santander Chile from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Banco Santander Chile has a consensus rating of “Reduce” and a consensus price target of $30.25.

Banco Santander Chile Profile

Banco Santander Chile (NYSE:BSAC) is one of the leading financial institutions in Chile and a key component of the global Santander Group. The bank offers a comprehensive range of banking and financial services, including retail and commercial lending, deposit accounts, credit cards, wealth management, insurance products and corporate banking solutions. Headquartered in Santiago, it operates an extensive network of branches, ATMs and digital platforms to serve individual customers, small and medium-sized enterprises and large corporations across the country.

Originally founded as Banco de Santiago in the late 1970s, the institution became part of the Santander Group following the privatization wave in Chile during the late 1980s.