D. E. Shaw & Co. Inc. Increases Stock Position in Banco de Chile (NYSE:BCH)

D. E. Shaw & Co. Inc. increased its position in Banco de Chile (NYSE:BCH - Free Report) by 863.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 132,991 shares of the bank's stock after acquiring an additional 119,187 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Banco de Chile were worth $3,016,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BCH. Signaturefd LLC grew its position in shares of Banco de Chile by 14.5% during the 4th quarter. Signaturefd LLC now owns 3,903 shares of the bank's stock valued at $89,000 after acquiring an additional 493 shares during the period. R Squared Ltd bought a new stake in shares of Banco de Chile during the 4th quarter valued at $94,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Banco de Chile by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank's stock valued at $100,000 after acquiring an additional 1,291 shares during the period. Atlas Capital Advisors Inc. grew its position in shares of Banco de Chile by 30.7% during the 4th quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank's stock valued at $143,000 after acquiring an additional 1,487 shares during the period. Finally, Aquatic Capital Management LLC bought a new stake in shares of Banco de Chile during the 4th quarter valued at $184,000. 1.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BCH has been the subject of a number of recent research reports. StockNews.com raised shares of Banco de Chile from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Banco de Chile from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday, January 24th.

Banco de Chile Trading Up 0.4%

Shares of Banco de Chile stock opened at $31.30 on Tuesday. The company has a market capitalization of $15.81 billion, a P/E ratio of 12.47, a P/E/G ratio of 6.08 and a beta of 0.24. 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 fifty day moving average of $28.26 and a 200 day moving average of $25.58. Banco de Chile has a fifty-two week low of $22.06 and a fifty-two week high of $31.84.

Banco de Chile Dividend Announcement

The company also recently announced an annual dividend, which was paid on Thursday, April 3rd. Investors of record on Friday, March 21st were issued a $2.1037 dividend. This represents a yield of 5.1%. The ex-dividend date was Friday, March 21st. Banco de Chile's dividend 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.

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