Vanguard Personalized Indexing Management LLC Purchases 3,730 Shares of Banco de Chile (NYSE:BCH)

Vanguard Personalized Indexing Management LLC boosted its holdings in Banco de Chile (NYSE:BCH) by 31.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,596 shares of the bank’s stock after purchasing an additional 3,730 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Banco de Chile were worth $351,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Baillie Gifford & Co. bought a new position in shares of Banco de Chile during the 2nd quarter worth approximately $60,462,000. Bessemer Group Inc. purchased a new position in Banco de Chile in the first quarter worth $6,189,000. Wellington Management Group LLP grew its stake in Banco de Chile by 143.6% in the 4th quarter. Wellington Management Group LLP now owns 280,716 shares of the bank’s stock valued at $6,479,000 after purchasing an additional 165,467 shares during the period. Alberta Investment Management Corp grew its stake in Banco de Chile by 215.2% in the 4th quarter. Alberta Investment Management Corp now owns 146,633 shares of the bank’s stock valued at $3,384,000 after purchasing an additional 100,108 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Banco de Chile during the 1st quarter valued at $336,000. Institutional investors own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Banco de Chile from a “sell” rating to a “hold” rating in a report on Friday, July 19th.

Banco de Chile Trading Down 0.5 %

Shares of BCH opened at $25.52 on Friday. Banco de Chile has a fifty-two week low of $19.20 and a fifty-two week high of $25.97. The firm has a market cap of $12.89 billion, a price-to-earnings ratio of 8.59 and a beta of 0.40. The firm has a 50 day moving average price of $24.50 and a 200-day moving average price of $23.57. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.47 and a current ratio of 1.47.

Banco de Chile (NYSE:BCH) last issued its earnings results on Tuesday, July 30th. The bank reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.04. The firm had revenue of $810.22 million for the quarter, compared to analysts’ expectations of $767.15 million. Banco de Chile had a net margin of 28.99% and a return on equity of 22.72%. As a group, equities research analysts forecast that Banco de Chile will post 2.48 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.