Mirae Asset Global Investments Co. Ltd. Purchases 1,291 Shares of Banco de Chile (NYSE:BCH)

Mirae Asset Global Investments Co. Ltd. boosted its position in Banco de Chile (NYSE:BCH) by 41.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,416 shares of the bank’s stock after acquiring an additional 1,291 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Banco de Chile were worth $100,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BCH. Creative Planning bought a new stake in shares of Banco de Chile during the third quarter valued at about $225,000. Blue Trust Inc. increased its holdings in Banco de Chile by 69.7% during the 3rd quarter. Blue Trust Inc. now owns 11,140 shares of the bank’s stock worth $282,000 after acquiring an additional 4,576 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Banco de Chile in the 3rd quarter worth approximately $36,000. Robeco Institutional Asset Management B.V. boosted its stake in Banco de Chile by 20.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 67,099 shares of the bank’s stock valued at $1,698,000 after buying an additional 11,609 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Banco de Chile by 8.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 379,938 shares of the bank’s stock worth $9,616,000 after acquiring an additional 28,959 shares during the last quarter. 1.24% of the stock is owned by hedge funds and other institutional investors.

Banco de Chile Price Performance

Shares of Banco de Chile stock opened at $26.81 on Friday. The stock has a market capitalization of $13.54 billion, a P/E ratio of 9.61 and a beta of 0.44. Banco de Chile has a one year low of $20.93 and a one year high of $26.96. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.52 and a quick ratio of 1.52. The business’s 50 day simple moving average is $23.75 and its two-hundred day simple moving average is $24.00.

Analyst Ratings Changes

A number of analysts have recently issued reports on BCH shares. JPMorgan Chase & Co. lifted their price target on Banco de Chile from $21.00 to $23.00 and gave the company 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 Saturday, February 8th.

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.