Banco de Chile (NYSE:BCH) Shares Sold by KBC Group NV

KBC Group NV cut its stake in shares of Banco de Chile (NYSE:BCH) by 21.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 14,342 shares of the bank’s stock after selling 3,905 shares during the period. KBC Group NV’s holdings in Banco de Chile were worth $325,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of Banco de Chile by 39.8% in the fourth quarter. Blue Trust Inc. now owns 15,574 shares of the bank’s stock valued at $353,000 after acquiring an additional 4,434 shares in the last quarter. Barclays PLC lifted its holdings in Banco de Chile by 81.8% in the 3rd quarter. Barclays PLC now owns 11,151 shares of the bank’s stock valued at $282,000 after purchasing an additional 5,016 shares in the last quarter. XTX Topco Ltd acquired a new stake in Banco de Chile during the 3rd quarter worth $333,000. State Street Corp boosted its stake in Banco de Chile by 293.4% during the 3rd quarter. State Street Corp now owns 128,448 shares of the bank’s stock worth $3,251,000 after purchasing an additional 95,797 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of Banco de Chile in the third quarter valued at about $261,000. 1.24% of the stock is currently owned by institutional investors and hedge funds.

Banco de Chile Trading Down 0.4 %

BCH opened at $24.65 on Tuesday. The business has a fifty day moving average price of $23.23 and a 200 day moving average price of $23.87. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.52 and a quick ratio of 1.52. Banco de Chile has a 12 month low of $20.93 and a 12 month high of $25.97. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 8.83 and a beta of 0.44.

Analysts Set New Price Targets

A number of equities analysts recently commented on BCH shares. JPMorgan Chase & Co. lifted their price objective on 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 lowered Banco de Chile from a “hold” rating to a “sell” rating in a report on Friday.

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.