Banco de Chile (NYSE:BCH) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP raised its holdings in Banco de Chile (NYSE:BCH) by 143.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,716 shares of the bank’s stock after buying an additional 165,467 shares during the period. Wellington Management Group LLP’s holdings in Banco de Chile were worth $6,479,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Parallel Advisors LLC raised its position in shares of Banco de Chile by 163.9% during the 4th quarter. Parallel Advisors LLC now owns 1,581 shares of the bank’s stock worth $36,000 after acquiring an additional 982 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Banco de Chile by 335.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,918 shares of the bank’s stock valued at $44,000 after purchasing an additional 1,478 shares during the last quarter. Blue Trust Inc. raised its holdings in Banco de Chile by 737.6% during the fourth quarter. Blue Trust Inc. now owns 2,697 shares of the bank’s stock worth $62,000 after purchasing an additional 2,375 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Banco de Chile by 68.1% during the 4th quarter. Quadrant Capital Group LLC now owns 7,710 shares of the bank’s stock worth $178,000 after buying an additional 3,123 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Banco de Chile by 24.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,926 shares of the bank’s stock valued at $160,000 after buying an additional 1,573 shares in the last quarter. 1.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BCH shares. JPMorgan Chase & Co. lifted their price target on shares of Banco de Chile from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. StockNews.com raised Banco de Chile from a “sell” rating to a “hold” rating in a report on Friday.

Banco de Chile Stock Up 0.2 %

Shares of Banco de Chile stock opened at $22.63 on Friday. The firm’s fifty day simple moving average is $23.27 and its 200-day simple moving average is $22.81. Banco de Chile has a 12 month low of $19.20 and a 12 month high of $24.79. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.97.

Banco de Chile (NYSE:BCH) last posted its quarterly earnings data on Tuesday, April 30th. The bank reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Banco de Chile had a net margin of 29.41% and a return on equity of 23.65%. The company had revenue of $824.83 million for the quarter, compared to analyst estimates of $818.94 million. As a group, analysts anticipate that Banco de Chile will post 2.18 earnings per share for the current year.

Banco de Chile Company Profile

Banco de Chile, together with its subsidiaries, provides various banking services to customers in Chile. The company offers checking and debit accounts, debit and credit cards, and lines of credit; mortgage, consume, commercial, general purpose mortgage loans, and finance leases; and factoring services, mutual fund management, stock brokerage, foreign trade, payments and collections, insurance brokerage, including life and general insurance, as well as time deposits, savings instruments, and foreign currency services through branches under the Banco de Chile and Banco Edwards brands.