Wed Sep 25 09:16:30 UTC 2024: ## Renaissance Technologies Reduces Stake in Banco Santander-Chile

**New York, NY** – Renaissance Technologies LLC, a prominent hedge fund, decreased its holdings in Banco Santander-Chile (NYSE: BSAC) by 28.7% during the second quarter, according to a recent SEC filing. The firm now owns 459,800 shares valued at $8,658,000. This move follows a trend of several other hedge funds adjusting their positions in the Chilean bank.

RWC Asset Management LLP significantly increased its stake by 60.5% in the second quarter, while BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position during the first quarter. DNB Asset Management AS also raised its position by 35.8% in the second quarter, and SPX Gestao de Recursos Ltda acquired a new stake in the fourth quarter.

Overall, 6.42% of Banco Santander-Chile’s stock is owned by institutional investors and hedge funds.

**Analysts Weigh In on BSAC**

Several research firms have recently commented on Banco Santander-Chile’s performance. The Goldman Sachs Group upgraded the stock from a “sell” to a “neutral” rating and lifted its price objective to $21.00. StockNews.com raised the rating from “sell” to “hold,” while Itau BBA Securities upgraded it from “market perform” to “outperform” and set a $22.00 price target. Berenberg Bank also upgraded the stock to a “hold” rating.

Currently, five investment analysts hold a “hold” rating on BSAC, while two have issued a “buy” rating. MarketBeat.com reports an average rating of “Hold” and an average target price of $20.48.

**Banco Santander-Chile’s Recent Performance**

The company opened at $20.88 on Wednesday. Its market cap stands at $9.84 billion. The bank reported $0.49 earnings per share for the quarter ending July 31st, missing analysts’ estimates of $0.50. Revenue for the quarter totaled $599.94 million, below the expected $693.44 million.

Analysts predict that Banco Santander-Chile will post 1.82 earnings per share for the current year.

**Banco Santander-Chile** provides commercial and retail banking services in Chile, operating through various segments including Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities.

For more information on hedge fund holdings and insider trades for Banco Santander-Chile, visit HoldingsChannel.com.

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