Insigneo Advisory Services LLC Acquires New Shares in Banco De Chile (NYSE:BCH)

Insigneo Advisory Services LLC purchased a new position in Banco De Chile (NYSE:BCH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,168 shares of the bank's stock, valued at approximately $269,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its stake in Banco De Chile by 2.2% in the 4th quarter. Renaissance Technologies LLC now owns 1,335,194 shares of the bank's stock worth $30,282,000 after purchasing an additional 29,300 shares during the period. Dimensional Fund Advisors LP boosted its stake in 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 purchasing an additional 38,232 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Banco De Chile by 1.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 530,363 shares of the bank's stock worth $12,029,000 after purchasing an additional 7,749 shares during the period. Silvercrest Asset Management Group LLC acquired a new position in Banco De Chile in the 4th quarter worth approximately $11,494,000. Finally, Marshall Wace LLP boosted its stake in 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 purchasing an additional 117,045 shares during the period. Institutional investors and hedge funds own 1.24% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen 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 Stock Down 0.8%

Shares of NYSE:BCH traded down $0.24 during trading on Monday, reaching $29.12. 260,997 shares of the company traded hands, compared to its average volume of 234,710. The firm has a fifty day simple moving average of $30.12 and a 200 day simple moving average of $26.84. The firm has a market cap of $14.71 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 6.16 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 quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.09.

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.