Banco de Chile (NYSE:BCH) Stock Position Increased by Invesco Ltd.

Invesco Ltd. increased its holdings in Banco de Chile (NYSE:BCH - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,494 shares of the bank's stock after purchasing an additional 9,436 shares during the period. Invesco Ltd.'s holdings in Banco de Chile were worth $1,894,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its holdings in shares of Banco de Chile by 9.6% during the 4th quarter. Quadrant Capital Group LLC now owns 9,084 shares of the bank's stock valued at $206,000 after acquiring an additional 793 shares in the last quarter. Atlas Capital Advisors Inc. raised its stake in shares of Banco de Chile by 30.7% during the fourth quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank's stock valued at $143,000 after purchasing an additional 1,487 shares during the period. Trexquant Investment LP purchased a new position in shares of Banco de Chile in the fourth quarter valued at $214,000. Wellington Management Group LLP purchased a new stake in Banco de Chile during the 4th quarter worth $4,033,000. Finally, Brandywine Global Investment Management LLC boosted its position in Banco de Chile by 44.7% in the 4th quarter. Brandywine Global Investment Management LLC now owns 136,418 shares of the bank's stock valued at $3,094,000 after buying an additional 42,140 shares during the last quarter. 1.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com raised Banco de Chile from a "sell" rating to a "hold" rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Banco de Chile from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th.

Banco de Chile Stock Performance

BCH stock traded up $0.20 during trading on Monday, hitting $29.70. 10,667 shares of the company's stock traded hands, compared to its average volume of 287,541. The stock has a fifty day moving average price of $27.35 and a two-hundred day moving average price of $25.07. The company has a quick ratio of 1.52, a current ratio of 1.51 and a debt-to-equity ratio of 1.92. Banco de Chile has a 52 week low of $22.06 and a 52 week high of $30.83. The stock has a market capitalization of $15.00 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 6.08 and a beta of 0.31.

Banco de Chile Announces Dividend

The business also recently announced an annual dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 21st were issued a dividend of $2.1037 per share. 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 presently 54.90%.

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.