Raymond James Financial Inc. Takes Position in Banco de Chile (NYSE:BCH)

Raymond James Financial Inc. acquired a new position in shares of Banco de Chile (NYSE:BCH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,241 shares of the bank's stock, valued at approximately $300,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Baillie Gifford & Co. lifted its stake in Banco de Chile by 23.6% during the fourth quarter. Baillie Gifford & Co. now owns 3,236,373 shares of the bank's stock worth $73,401,000 after purchasing an additional 618,891 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Banco de Chile by 2.2% in the 4th quarter. Renaissance Technologies LLC now owns 1,335,194 shares of the bank's stock valued at $30,282,000 after buying an additional 29,300 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Banco de Chile by 1.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 530,363 shares of the bank's stock worth $12,029,000 after acquiring an additional 7,749 shares in the last quarter. Truffle Hound Capital LLC purchased a new position in Banco de Chile during the 4th quarter valued at about $4,536,000. Finally, Alberta Investment Management Corp acquired a new position in Banco de Chile in the 4th quarter valued at about $4,033,000. Institutional investors and hedge funds own 1.24% of the company's stock.

Analyst Ratings Changes

BCH has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Banco de Chile from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. StockNews.com 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 Trading Down 0.9 %

NYSE:BCH opened at $30.46 on Friday. Banco de Chile has a 12-month low of $22.06 and a 12-month high of $30.99. The firm has a market cap of $15.38 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 6.08 and a beta of 0.24. The company has a current ratio of 1.51, a quick ratio of 1.52 and a debt-to-equity ratio of 1.92. The stock has a fifty day moving average price of $27.76 and a 200 day moving average price of $25.26.

Banco de Chile Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 21st were paid a $2.1037 dividend. This represents a dividend yield of 5.1%. The ex-dividend date was Friday, March 21st. Banco de Chile's payout ratio is presently 54.90%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.