13,495 Banco De Chile $BCH Shares Acquired by TT International Asset Management LTD

TT International Asset Management LTD increased its stake in shares of Banco De Chile (NYSE:BCH) by 2.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 512,948 shares of the bank’s stock after acquiring an additional 13,495 shares during the period. Banco De Chile comprises approximately 2.3% of TT International Asset Management LTD’s investment portfolio, making the stock its 13th largest holding. TT International Asset Management LTD’s holdings in Banco De Chile were worth $20,523,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BCH. SPX Gestao de Recursos Ltda acquired a new position in Banco De Chile during the first quarter valued at approximately $53,000. EverSource Wealth Advisors LLC increased its position in shares of Banco De Chile by 94.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,944 shares of the bank’s stock worth $109,000 after purchasing an additional 1,433 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Banco De Chile during the 3rd quarter worth approximately $149,000. Sequoia Financial Advisors LLC acquired a new position in shares of Banco De Chile during the 1st quarter worth approximately $213,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Banco De Chile by 3.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,972 shares of the bank’s stock worth $295,000 after purchasing an additional 298 shares during the last quarter. Institutional investors own 1.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BCH. JPMorgan Chase & Co. dropped their price objective on Banco De Chile from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. Weiss Ratings downgraded shares of Banco De Chile from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 9th. Finally, Wall Street Zen lowered shares of Banco De Chile from a “hold” rating to a “sell” rating in a research report on Saturday. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Banco De Chile presently has a consensus rating of “Reduce” and a consensus price target of $39.67.

Banco De Chile Stock Up 0.1%

Shares of BCH stock opened at $37.85 on Wednesday. Banco De Chile has a 52-week low of $33.60 and a 52-week high of $46.77. The stock has a market cap of $19.12 billion, a price-to-earnings ratio of 13.10 and a beta of 0.27. The firm’s 50-day moving average is $40.23 and its 200-day moving average is $40.00. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.48 and a current ratio of 1.51.

Banco De Chile Profile

Banco de Chile is a full-service commercial bank headquartered in Santiago, Chile. Founded in 1893, it is one of the country’s longstanding financial institutions and provides banking services to individuals, businesses, corporations and institutional clients throughout Chile.

The bank offers a broad range of products and services, including checking and savings accounts, consumer and commercial loans, mortgages, credit and debit cards, payment services, foreign-exchange transactions, investment products and financial advisory services.