AQR Capital Management LLC Cuts Stock Position in Banco de Chile (NYSE:BCH)

AQR Capital Management LLC lowered its stake in Banco de Chile (NYSE:BCH - Free Report) by 11.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 233,426 shares of the bank's stock after selling 28,957 shares during the quarter. AQR Capital Management LLC's holdings in Banco de Chile were worth $5,294,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in Banco de Chile by 14.5% during the 4th quarter. Signaturefd LLC now owns 3,903 shares of the bank's stock worth $89,000 after purchasing an additional 493 shares during the last quarter. R Squared Ltd acquired a new stake in Banco de Chile during the 4th quarter worth $94,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Banco de Chile by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank's stock worth $100,000 after purchasing an additional 1,291 shares during the last quarter. Atlas Capital Advisors Inc. boosted its stake in Banco de Chile by 30.7% during the 4th quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank's stock worth $143,000 after purchasing an additional 1,487 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of Banco de Chile during the 4th quarter valued at about $184,000. Institutional investors and hedge funds own 1.24% of the company's stock.

Banco de Chile Trading Down 0.8%

Shares of NYSE:BCH traded down $0.23 during midday trading on Monday, reaching $30.25. 311,635 shares of the company's stock were exchanged, compared to its average volume of 234,845. The firm's 50 day simple moving average is $27.76 and its two-hundred day simple moving average is $25.27. Banco de Chile has a fifty-two week low of $22.06 and a fifty-two week high of $30.99. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.51 and a quick ratio of 1.52. The stock has a market cap of $15.28 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 6.08 and a beta of 0.24.

Banco de Chile Dividend Announcement

The business also recently declared an annual dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 21st were paid a $2.1037 dividend. This represents a dividend yield of 5.1%. The ex-dividend date was Friday, March 21st. Banco de Chile's dividend payout ratio (DPR) is 54.90%.

Wall Street Analysts Forecast Growth

BCH has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Banco de Chile from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. StockNews.com raised shares of Banco de Chile from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd.

Banco de Chile 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.