XTX Topco Ltd Acquires Shares of 9,247 Banco De Chile (NYSE:BCH)

Key Points

• XTX Topco Ltd has acquired 9,247 shares of Banco De Chile, representing a new stake valued at approximately $245,000.
• Banco De Chile saw significant activity from other institutional investors, with Raymond James Financial Inc. and Bank of America Corp DE both increasing their positions substantially in the fourth quarter.
• Analysts have downgraded Banco De Chile's rating from "hold" to "sell", indicating a negative outlook for the stock's performance.

XTX Topco Ltd acquired a new position in Banco De Chile (NYSE:BCH - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,247 shares of the bank's stock, valued at approximately $245,000.

A number of other institutional investors have also made changes to their positions in BCH. Trexquant Investment LP bought a new position in shares of Banco De Chile in the fourth quarter worth about $214,000. Invesco Ltd. increased its stake in Banco De Chile by 12.7% during the fourth quarter. Invesco Ltd. now owns 83,494 shares of the bank's stock valued at $1,894,000 after acquiring an additional 9,436 shares during the period. Raymond James Financial Inc. bought a new position in Banco De Chile during the fourth quarter valued at about $300,000. Jump Financial LLC increased its stake in Banco De Chile by 9.6% during the fourth quarter. Jump Financial LLC now owns 23,292 shares of the bank's stock valued at $528,000 after acquiring an additional 2,031 shares during the period. Finally, Marshall Wace LLP increased its stake in Banco De Chile by 36.2% during the fourth quarter. Marshall Wace LLP now owns 440,004 shares of the bank's stock valued at $9,979,000 after acquiring an additional 117,045 shares during the period. 1.24% of the stock is currently owned by institutional investors.

Banco De Chile Stock Performance

BCH traded up $0.33 on Friday, hitting $29.31. 168,352 shares of the stock traded hands, compared to its average volume of 343,627. Banco De Chile has a 52 week low of $22.06 and a 52 week high of $31.84. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $14.80 billion, a PE ratio of 10.43, a P/E/G ratio of 2.18 and a beta of 0.24. The business has a fifty day moving average price of $29.08 and a two-hundred day moving average price of $28.35.

Banco De Chile (NYSE:BCH - Get Free Report) last issued its quarterly earnings results 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 return on equity of 23.00% and a net margin of 32.62%. The firm had revenue of $801.11 million for the quarter, compared to analyst estimates of $820.11 million. On average, research analysts predict that Banco De Chile will post 2.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Banco De Chile from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th.

About Banco De Chile

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.