RWC Asset Advisors US LLC Sells 13,678 Shares of Banco Santander-Chile (NYSE:BSAC)

RWC Asset Advisors US LLC lowered its position in Banco Santander-Chile (NYSE:BSAC) by 12.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,984 shares of the bank’s stock after selling 13,678 shares during the period. Banco Santander-Chile comprises 0.2% of RWC Asset Advisors US LLC’s holdings, making the stock its 16th largest position. RWC Asset Advisors US LLC’s holdings in Banco Santander-Chile were worth $1,910,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Advisors Preferred LLC bought a new stake in shares of Banco Santander-Chile in the 4th quarter valued at $181,000. Privium Fund Management B.V. bought a new position in Banco Santander-Chile during the 3rd quarter worth about $220,000. Vanguard Personalized Indexing Management LLC increased its holdings in Banco Santander-Chile by 9.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,131 shares of the bank’s stock worth $222,000 after purchasing an additional 1,033 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Banco Santander-Chile by 9.7% during the 4th quarter. Russell Investments Group Ltd. now owns 17,618 shares of the bank’s stock worth $343,000 after purchasing an additional 1,551 shares in the last quarter. Finally, Alps Advisors Inc. increased its holdings in Banco Santander-Chile by 8.4% during the 3rd quarter. Alps Advisors Inc. now owns 33,829 shares of the bank’s stock worth $620,000 after purchasing an additional 2,632 shares in the last quarter. Institutional investors own 6.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Banco Santander-Chile from a “hold” rating to a “sell” rating in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Banco Santander-Chile currently has a consensus rating of “Hold” and a consensus price target of $19.97.

Banco Santander-Chile Stock Down 0.3 %

BSAC stock traded down $0.05 during trading hours on Friday, reaching $18.19. 285,391 shares of the stock were exchanged, compared to its average volume of 297,202. The firm’s 50-day moving average is $19.41 and its 200-day moving average is $18.94. The company has a market cap of $8.57 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 0.37 and a beta of 0.82. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.80 and a quick ratio of 1.80. Banco Santander-Chile has a 12 month low of $16.89 and a 12 month high of $21.81.

Banco Santander-Chile (NYSE:BSAC) last announced its quarterly earnings data on Friday, February 2nd. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $621.60 million during the quarter, compared to analysts’ expectations of $609.98 million. Banco Santander-Chile had a return on equity of 10.73% and a net margin of 9.99%. On average, equities research analysts expect that Banco Santander-Chile will post 1.85 earnings per share for the current year.

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.