Renaissance Technologies LLC Sells 67,300 Shares of Banco Santander-Chile (NYSE:BSAC)

Posted by Defense World Staff on Mar 5th, 2023

Renaissance Technologies LLC lessened its stake in Banco Santander-Chile (NYSE:BSAC – Get Rating) by 7.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 876,300 shares of the bank’s stock after selling 67,300 shares during the quarter. Renaissance Technologies LLC owned about 0.19% of Banco Santander-Chile worth $12,277,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BSAC. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Banco Santander-Chile by 5.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 132,931 shares of the bank’s stock valued at $2,165,000 after acquiring an additional 7,400 shares during the period. Trexquant Investment LP grew its stake in Banco Santander-Chile by 234.6% in the second quarter. Trexquant Investment LP now owns 68,486 shares of the bank’s stock valued at $1,116,000 after acquiring an additional 48,021 shares during the period. Quadrant Capital Group LLC grew its stake in Banco Santander-Chile by 106.8% in the third quarter. Quadrant Capital Group LLC now owns 2,663 shares of the bank’s stock valued at $37,000 after acquiring an additional 1,375 shares during the period. Public Sector Pension Investment Board acquired a new position in Banco Santander-Chile in the second quarter valued at about $6,183,000. Finally, Russell Investments Group Ltd. grew its stake in Banco Santander-Chile by 35.8% in the third quarter. Russell Investments Group Ltd. now owns 20,798 shares of the bank’s stock valued at $291,000 after acquiring an additional 5,483 shares during the period. Institutional investors own 9.76% of the company’s stock.

Banco Santander-Chile Stock Up 1.2 %

BSAC stock opened at $17.32 on Friday. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market capitalization of $8.16 billion, a P/E ratio of 8.84, a P/E/G ratio of 2.47 and a beta of 0.70. The business has a 50-day moving average of $16.45 and a 200-day moving average of $15.57. Banco Santander-Chile has a fifty-two week low of $13.37 and a fifty-two week high of $22.95.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut Banco Santander-Chile from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.00.

About Banco Santander-Chile

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Banco Santander Chile SA engages in the provision of commercial and retail banking services. It operates through the following segments: Retail Banking, Middle-Market, Corporate and Investment Banking, and Other. The Retail banking segment offers consumer loans, credit cards, automobile loans, commercial loans, foreign exchange, mortgage loans, debit cards, checking accounts, savings products, mutual funds, stock brokerage, and insurance brokerage.