Banco de Chile (NYSE:BCH – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.
Separately, JPMorgan Chase & Co. raised their price objective 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.
Check Out Our Latest Research Report on Banco de Chile
Banco de Chile Stock Down 1.2 %
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in Banco de Chile during the 3rd quarter worth $36,000. Signaturefd LLC grew its stake in shares of Banco de Chile by 14.5% during the fourth quarter. Signaturefd LLC now owns 3,903 shares of the bank’s stock valued at $89,000 after acquiring an additional 493 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Banco de Chile during the fourth quarter worth about $94,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Banco de Chile by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank’s stock worth $100,000 after acquiring an additional 1,291 shares in the last quarter. Finally, Atlas Capital Advisors Inc. grew its stake in Banco de Chile by 30.7% during the 4th quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank’s stock valued at $143,000 after purchasing an additional 1,487 shares in the last quarter. 1.24% of the stock is owned by institutional investors and hedge funds.
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.
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