Signaturefd LLC bought a new position in shares of Banco de Chile (NYSE:BCH) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 1,282 shares of the bank’s stock, valued at approximately $129,000.
Several other hedge funds have also made changes to their positions in the company. Aperio Group LLC raised its stake in shares of Banco de Chile by 2.3% during the 1st quarter. Aperio Group LLC now owns 135,420 shares of the bank’s stock worth $13,621,000 after buying an additional 3,057 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Banco de Chile by 2.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 43,065 shares of the bank’s stock worth $4,332,000 after buying an additional 1,224 shares during the period. Millennium Management LLC raised its stake in shares of Banco de Chile by 483.6% during the 4th quarter. Millennium Management LLC now owns 18,261 shares of the bank’s stock worth $1,763,000 after buying an additional 15,132 shares during the period. Deutsche Bank AG raised its stake in shares of Banco de Chile by 167.8% during the 4th quarter. Deutsche Bank AG now owns 60,991 shares of the bank’s stock worth $5,886,000 after buying an additional 38,212 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Banco de Chile by 1.6% in the 4th quarter. Renaissance Technologies LLC now owns 614,740 shares of the bank’s stock valued at $59,341,000 after purchasing an additional 9,388 shares during the last quarter. 1.16% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:BCH opened at $94.74 on Monday. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $15.83 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 1.00 and a beta of 0.44. Banco de Chile has a 52-week low of $74.24 and a 52-week high of $106.50.
BCH has been the subject of several recent research reports. Zacks Investment Research raised Banco de Chile from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research note on Tuesday, March 20th. ValuEngine raised Banco de Chile from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Deutsche Bank downgraded Banco de Chile from a “hold” rating to a “sell” rating and set a $91.00 price objective for the company. in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $91.25.
About Banco de Chile
Banco de Chile provides various banking products and services to individuals, corporate clients, large companies, and small and medium-sized companies in Chile and internationally. The company operates through four segments: Retail, Wholesale, Treasury, and Subsidiaries. It offers checking accounts; personal, car, and mortgage loans; credit cards; credit lines; and investment products, such as fixed-term, automatic renewal, and tax benefit deposits, as well as stocks, portfolio management, voluntary retirement savings/mutual funds, foreign currency, and fixed income investment products.
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