USS Investment Management Ltd held its position in Banco Santander-Chile (NASDAQ:BSAC) during the first quarter, Holdings Channel reports. The fund owned 1,317,174 shares of the bank’s stock at the end of the first quarter. USS Investment Management Ltd’s holdings in Banco Santander-Chile were worth $33,035,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BSAC. Dynamic Technology Lab Private Ltd bought a new position in Banco Santander-Chile during the fourth quarter valued at $298,000. Thompson Siegel & Walmsley LLC increased its position in Banco Santander-Chile by 2.7% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 90,400 shares of the bank’s stock valued at $1,977,000 after buying an additional 2,400 shares during the period. Axiom International Investors LLC DE increased its position in Banco Santander-Chile by 0.4% in the fourth quarter. Axiom International Investors LLC DE now owns 46,310 shares of the bank’s stock valued at $1,013,000 after buying an additional 182 shares during the period. Horizon Investments LLC bought a new position in Banco Santander-Chile during the fourth quarter valued at $419,000. Finally, Comerica Bank increased its position in Banco Santander-Chile by 12.7% in the fourth quarter. Comerica Bank now owns 26,703 shares of the bank’s stock valued at $583,000 after buying an additional 3,010 shares during the period.
Banco Santander-Chile (NASDAQ:BSAC) traded up 1.77% on Friday, hitting $24.16. 357,093 shares of the company traded hands. Banco Santander-Chile has a 12 month low of $17.83 and a 12 month high of $25.55. The stock’s 50-day moving average is $24.29 and its 200 day moving average is $22.90. The stock has a market cap of $11.38 billion and a PE ratio of 15.10.
The business also recently disclosed an annual dividend, which was paid on Thursday, May 4th. Investors of record on Friday, April 21st were paid a $0.687 dividend. This represents a dividend yield of 4.36%. The ex-dividend date was Wednesday, April 19th.
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Several research firms recently weighed in on BSAC. Credit Suisse Group AG restated a “neutral” rating and set a $26.00 price target (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 price target for the company in a research report on Thursday, April 6th. Finally, Goldman Sachs Group Inc upped their price target 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.
About Banco Santander-Chile
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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