Quantinno Capital Management LP Has $2.68 Million Position in Banco De Chile $BCH

Quantinno Capital Management LP lifted its position in shares of Banco De Chile (NYSE:BCH) by 30.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,354 shares of the bank’s stock after purchasing an additional 16,932 shares during the quarter. Quantinno Capital Management LP’s holdings in Banco De Chile were worth $2,680,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BCH. Itau Unibanco Holding S.A. raised its stake in shares of Banco De Chile by 29.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 835,782 shares of the bank’s stock worth $31,755,000 after purchasing an additional 190,567 shares during the last quarter. UBS Group AG grew its stake in shares of Banco De Chile by 110.0% in the 4th quarter. UBS Group AG now owns 494,082 shares of the bank’s stock worth $18,775,000 after acquiring an additional 258,844 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Banco De Chile by 199.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 352,465 shares of the bank’s stock worth $10,680,000 after acquiring an additional 234,619 shares in the last quarter. Marshall Wace LLP increased its stake in Banco De Chile by 177.7% in the 3rd quarter. Marshall Wace LLP now owns 298,085 shares of the bank’s stock valued at $9,032,000 after buying an additional 190,741 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Banco De Chile by 53.8% during the first quarter. Goldman Sachs Group Inc. now owns 216,950 shares of the bank’s stock valued at $5,747,000 after acquiring an additional 75,924 shares during the last quarter. Institutional investors and hedge funds own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

BCH has been the subject of a number of research analyst reports. UBS Group set a $39.00 price objective on shares of Banco De Chile and gave the stock a “neutral” rating in a report on Friday, May 22nd. Weiss Ratings upgraded Banco De Chile from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded shares of Banco De Chile from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. lifted their price target on Banco De Chile from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Banco De Chile has an average rating of “Reduce” and an average target price of $40.00.

Banco De Chile Stock Down 0.3%

NYSE BCH opened at $41.29 on Monday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.48 and a quick ratio of 1.48. Banco De Chile has a 1 year low of $28.26 and a 1 year high of $46.77. The stock has a market capitalization of $20.85 billion, a PE ratio of 15.64 and a beta of 0.24. The business’s 50-day moving average is $39.86 and its 200 day moving average is $39.80.

Banco De Chile (NYSE:BCH) last announced its earnings results on Wednesday, July 1st. The bank reported $0.84 EPS for the quarter. The company had revenue of $999.95 million during the quarter. Banco De Chile had a return on equity of 21.10% and a net margin of 31.01%. Sell-side analysts forecast that Banco De Chile will post 2.83 earnings per share for the current year.

About Banco De Chile

Banco de Chile (NYSE: BCH) is a leading Chilean financial institution headquartered in Santiago. Founded in 1893, the bank is one of the country’s oldest and most established banking groups, serving a broad spectrum of individual, corporate and institutional clients. It is publicly listed and operates under Chilean banking regulations while participating in international capital markets.

The bank’s core businesses include retail banking, commercial and corporate banking, and investment banking.