BNP Paribas Financial Markets Lowers Position in Banco de Chile (NYSE:BCH)

BNP Paribas Financial Markets decreased its holdings in Banco de Chile (NYSE:BCH - Free Report) by 94.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,145 shares of the bank's stock after selling 20,583 shares during the period. BNP Paribas Financial Markets' holdings in Banco de Chile were worth $26,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Itau Unibanco Holding S.A. increased its holdings in shares of Banco de Chile by 105.4% in 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 in the last quarter. Northern Trust Corp increased its holdings in shares of Banco de Chile by 57.1% in the 4th quarter. Northern Trust Corp now owns 148,843 shares of the bank's stock worth $3,376,000 after purchasing an additional 54,109 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Banco de Chile in the 4th quarter worth $184,000. Dimensional Fund Advisors LP boosted its stake in shares of Banco de Chile by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 813,238 shares of the bank's stock worth $18,443,000 after buying an additional 38,232 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Banco de Chile by 36.2% in the 4th quarter. Marshall Wace LLP now owns 440,004 shares of the bank's stock worth $9,979,000 after buying an additional 117,045 shares during the last quarter. Institutional investors own 1.24% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Banco de Chile from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd.

Banco de Chile Stock Performance

Shares of BCH stock traded down $0.20 on Monday, reaching $30.20. The stock had a trading volume of 173,071 shares, compared to its average volume of 231,824. The stock has a market cap of $15.26 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 6.08 and a beta of 0.26. Banco de Chile has a 1 year low of $22.06 and a 1 year high of $31.84. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.52 and a current ratio of 1.51. The company has a 50 day simple moving average of $29.26 and a 200 day simple moving average of $26.35.

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.