Banco De Chile $BCH Shares Sold by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC significantly reduced its stake in Banco De Chile by 81.1%, selling 110,627 shares in the first quarter and leaving them with 25,791 shares valued at $683,000.
• Banco De Chile's stock has declined by 2.7% recently, with a current share price of $28.7250, and the firm has a market capitalization of $14.51 billion.
• The bank's latest earnings report showed an EPS of $0.64, slightly beating forecasts, but its revenue of $801.11 million fell short of analyst expectations of $820.11 million.

Brandywine Global Investment Management LLC reduced its stake in shares of Banco De Chile (NYSE:BCH - Free Report) by 81.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,791 shares of the bank's stock after selling 110,627 shares during the period. Brandywine Global Investment Management LLC's holdings in Banco De Chile were worth $683,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Banco De Chile by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 813,238 shares of the bank's stock worth $18,443,000 after purchasing an additional 38,232 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new position in shares of Banco De Chile during the 4th quarter worth approximately $11,494,000. Marshall Wace LLP raised its position in shares of Banco De Chile by 36.2% during the 4th quarter. Marshall Wace LLP now owns 440,004 shares of the bank's stock worth $9,979,000 after purchasing an additional 117,045 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Banco De Chile by 3.2% during the 1st quarter. Bessemer Group Inc. now owns 401,760 shares of the bank's stock worth $10,642,000 after purchasing an additional 12,599 shares during the last quarter. Finally, Itau Unibanco Holding S.A. raised its position in shares of Banco De Chile by 105.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 213,773 shares of the bank's stock worth $4,848,000 after purchasing an additional 109,700 shares during the last quarter. 1.24% of the stock is currently owned by institutional investors and hedge funds.

Banco De Chile Stock Down 2.7%

Shares of NYSE BCH opened at $28.7250 on Wednesday. Banco De Chile has a 52-week low of $22.06 and a 52-week high of $31.84. The firm has a fifty day moving average of $29.03 and a 200-day moving average of $28.40. The stock has a market capitalization of $14.51 billion, a PE ratio of 10.22, a P/E/G ratio of 2.19 and a beta of 0.24. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.09.

Banco De Chile (NYSE:BCH - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The bank reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. Banco De Chile had a net margin of 32.62% and a return on equity of 23.00%. The company had revenue of $801.11 million during the quarter, compared to analysts' expectations of $820.11 million. On average, analysts anticipate that Banco De Chile will post 2.31 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Banco De Chile from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $23.00.

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.

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