Banco de Chile (NYSE:BCH) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC cut its holdings in shares of Banco de Chile (NYSE:BCH - Free Report) by 37.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,253 shares of the bank's stock after selling 13,457 shares during the period. Cubist Systematic Strategies LLC's holdings in Banco de Chile were worth $505,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Signaturefd LLC boosted its holdings in Banco de Chile by 14.5% in the fourth quarter. Signaturefd LLC now owns 3,903 shares of the bank's stock valued at $89,000 after purchasing an additional 493 shares during the last quarter. Quadrant Capital Group LLC boosted its stake 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 buying an additional 793 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Banco de Chile by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank's stock worth $100,000 after buying an additional 1,291 shares in the last quarter. Atlas Capital Advisors Inc. increased its stake in shares of Banco de Chile by 30.7% in the fourth quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank's stock worth $143,000 after buying an additional 1,487 shares during the last quarter. Finally, Jump Financial LLC raised its holdings in Banco de Chile by 9.6% in the fourth quarter. Jump Financial LLC now owns 23,292 shares of the bank's stock valued at $528,000 after acquiring an additional 2,031 shares in the last quarter. 1.24% of the stock is currently owned by institutional investors and hedge funds.

Banco de Chile Stock Performance

BCH traded up $0.12 during trading hours on Monday, hitting $31.30. 272,130 shares of the stock were exchanged, compared to its average volume of 227,115. The stock has a market cap of $15.81 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 6.08 and a beta of 0.24. The stock has a 50-day simple moving average of $28.17 and a 200-day simple moving average of $25.52. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.51 and a quick ratio of 1.52. Banco de Chile has a 12 month low of $22.06 and a 12 month high of $31.84.

Banco de Chile Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BCH shares. 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. StockNews.com raised Banco de Chile from a "sell" rating to a "hold" rating in a 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.