Deltec Asset Management LLC held its stake in Banco De Chile (NYSE:BCH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,900 shares of the company’s stock at the end of the second quarter. Deltec Asset Management LLC’s holdings in Banco De Chile were worth $1,341,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Capstone Asset Management Co. boosted its stake in Banco De Chile by 17.0% in the first quarter. Capstone Asset Management Co. now owns 28,293 shares of the company’s stock valued at $1,823,000 after buying an additional 4,103 shares during the last quarter. Aperio Group LLC boosted its stake in Banco De Chile by 85.8% in the first quarter. Aperio Group LLC now owns 104,738 shares of the company’s stock valued at $6,750,000 after buying an additional 48,380 shares during the last quarter. Thomas White International Ltd. boosted its stake in Banco De Chile by 5.6% in the first quarter. Thomas White International Ltd. now owns 10,381 shares of the company’s stock valued at $669,000 after buying an additional 547 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Banco De Chile by 9.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,379 shares of the company’s stock valued at $282,000 after buying an additional 369 shares during the last quarter. Finally, Cypress Wealth Advisors LLC acquired a new stake in Banco De Chile during the first quarter valued at $216,000. Hedge funds and other institutional investors own 3.17% of the company’s stock.

Shares of Banco De Chile (NYSE:BCH) traded up 2.01% on Wednesday, hitting $68.54. 28,990 shares of the stock traded hands. The stock has a 50-day moving average price of $67.35 and a 200 day moving average price of $63.73. The firm has a market cap of $11.23 billion, a P/E ratio of 14.28 and a beta of 0.99. Banco De Chile has a 52 week low of $54.98 and a 52 week high of $69.84.

Several equities research analysts have weighed in on BCH shares. Zacks Investment Research upgraded Banco De Chile from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Tuesday, June 7th. Scotiabank upgraded Banco De Chile from a “sector perform” rating to an “outperform” rating in a research note on Friday, July 15th. Finally, Standpoint Research cut Banco De Chile from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $70.75.

Banco De Chile Company Profile

Banco de Chile is a privately owned bank. The Company is a full-service financial institution that provides, directly and indirectly through its subsidiaries and affiliates, a range of lending and non-lending products and services to all segments of the Chilean financial market. Its core business is commercial banking in Chile, providing traditional banking products and specialized financial services to its customer base of individuals and companies.

5 Day Chart for NYSE:BCH

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