Dimensional Fund Advisors LP Buys 38,232 Shares of Banco de Chile (NYSE:BCH)

Dimensional Fund Advisors LP increased its position in Banco de Chile (NYSE:BCH - Free Report) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 813,238 shares of the bank's stock after buying an additional 38,232 shares during the quarter. Dimensional Fund Advisors LP owned 0.16% of Banco de Chile worth $18,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC increased its holdings in shares of Banco de Chile by 81.8% in the third quarter. Barclays PLC now owns 11,151 shares of the bank's stock worth $282,000 after buying an additional 5,016 shares during the period. Blue Trust Inc. increased its stake in Banco de Chile by 39.8% in the 4th quarter. Blue Trust Inc. now owns 15,574 shares of the bank's stock worth $353,000 after purchasing an additional 4,434 shares during the period. Matthews International Capital Management LLC bought a new stake in Banco de Chile in the fourth quarter valued at approximately $400,000. R Squared Ltd bought a new stake in Banco de Chile in the fourth quarter valued at approximately $94,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake 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 valued at $100,000 after purchasing an additional 1,291 shares during the period. Hedge funds and other institutional investors own 1.24% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on BCH shares. JPMorgan Chase & Co. upped their price target on shares of Banco de Chile from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Friday, January 24th. StockNews.com raised shares of Banco de Chile from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd.

Banco de Chile Trading Down 0.9 %

Shares of BCH stock traded down $0.27 during trading hours on Friday, reaching $30.46. The company's stock had a trading volume of 256,394 shares, compared to its average volume of 234,537. The company has a current ratio of 1.51, a quick ratio of 1.52 and a debt-to-equity ratio of 1.92. Banco de Chile has a one year low of $22.06 and a one year high of $30.99. The stock has a market capitalization of $15.38 billion, a P/E ratio of 12.14, a P/E/G ratio of 6.08 and a beta of 0.24. The firm's fifty day simple moving average is $27.76 and its 200 day simple moving average is $25.26.

Banco de Chile Announces Dividend

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

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.