Blue Trust Inc. Sells 3,881 Shares of Banco de Chile (NYSE:BCH)

Blue Trust Inc. trimmed its holdings in shares of Banco de Chile (NYSE:BCH) by 34.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,259 shares of the bank’s stock after selling 3,881 shares during the quarter. Blue Trust Inc.’s holdings in Banco de Chile were worth $165,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Banco de Chile during the 3rd quarter worth approximately $36,000. R Squared Ltd bought a new stake in Banco de Chile during the 4th quarter worth approximately $94,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Banco de Chile by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank’s stock worth $100,000 after purchasing an additional 1,291 shares in the last quarter. Creative Planning bought a new stake in Banco de Chile during the 3rd quarter worth approximately $225,000. Finally, Quantinno Capital Management LP acquired a new position in Banco de Chile during the 3rd quarter worth approximately $261,000. 1.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BCH has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their price target 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 raised Banco de Chile from a “sell” rating to a “hold” rating in a research report on Saturday, February 8th.

Banco de Chile Trading Up 1.2 %

NYSE:BCH opened at $26.63 on Friday. Banco de Chile has a twelve month low of $20.93 and a twelve month high of $26.96. The company has a quick ratio of 1.52, a current ratio of 1.51 and a debt-to-equity ratio of 1.92. The business has a 50 day moving average price of $23.99 and a two-hundred day moving average price of $24.09. The company has a market cap of $13.45 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 6.08 and a beta of 0.44.

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.