AQR Capital Management LLC Acquires 92,532 Shares of Banco de Chile (NYSE:BCH)

AQR Capital Management LLC raised its holdings in shares of Banco de Chile (NYSE:BCH) by 61.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,009 shares of the bank’s stock after purchasing an additional 92,532 shares during the period. AQR Capital Management LLC’s holdings in Banco de Chile were worth $5,499,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BCH. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Banco de Chile by 569.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,279 shares of the bank’s stock valued at $28,000 after acquiring an additional 1,088 shares in the last quarter. Parallel Advisors LLC raised its holdings in Banco de Chile by 163.9% in the 4th quarter. Parallel Advisors LLC now owns 1,581 shares of the bank’s stock worth $36,000 after purchasing an additional 982 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Banco de Chile by 629.3% in the 2nd quarter. Blue Trust Inc. now owns 6,564 shares of the bank’s stock worth $146,000 after purchasing an additional 5,664 shares during the period. Liontrust Investment Partners LLP bought a new stake in shares of Banco de Chile during the 2nd quarter valued at about $294,000. Finally, Freestone Capital Holdings LLC purchased a new position in shares of Banco de Chile during the first quarter valued at about $312,000. Hedge funds and other institutional investors own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

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

Banco de Chile Stock Performance

Shares of BCH stock opened at $24.50 on Friday. The company’s fifty day moving average price is $24.58 and its 200-day moving average price is $23.60. The stock has a market cap of $12.37 billion, a PE ratio of 8.14 and a beta of 0.40. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 2.29. Banco de Chile has a 12 month low of $19.20 and a 12 month high of $25.97.

Banco de Chile (NYSE:BCH) last announced its quarterly earnings data on Tuesday, July 30th. The bank reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. Banco de Chile had a net margin of 28.99% and a return on equity of 22.72%. The business had revenue of $810.22 million for the quarter, compared to analysts’ expectations of $767.15 million. On average, equities analysts expect that Banco de Chile will post 2.48 EPS for the current fiscal 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.