Parallel Advisors LLC bought a new stake in shares of Banco De Chile (NYSE:BCH) during the fourth quarter, Holdings Channel reports. The firm bought 1,779 shares of the company’s stock, valued at approximately $125,000.

Other institutional investors have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. raised its position in Banco De Chile by 2.2% in the third quarter. UBS Asset Management Americas Inc. now owns 46,632 shares of the company’s stock valued at $3,138,000 after buying an additional 1,018 shares during the period. TD Asset Management Inc. raised its position in Banco De Chile by 2.2% in the third quarter. TD Asset Management Inc. now owns 5,734 shares of the company’s stock valued at $386,000 after buying an additional 125 shares during the period. Aperio Group LLC raised its position in Banco De Chile by 3.8% in the third quarter. Aperio Group LLC now owns 133,141 shares of the company’s stock valued at $8,960,000 after buying an additional 4,857 shares during the period. Mizuho Trust & Banking Co. Ltd. raised its position in Banco De Chile by 2.2% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 23,438 shares of the company’s stock valued at $1,577,000 after buying an additional 511 shares during the period. Finally, Wells Fargo & Company MN raised its position in Banco De Chile by 28,131.3% in the third quarter. Wells Fargo & Company MN now owns 4,517 shares of the company’s stock valued at $304,000 after buying an additional 4,501 shares during the period. 3.31% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Banco De Chile (NYSE:BCH)

Banco De Chile (NYSE:BCH) traded down 0.66% during trading on Thursday, hitting $72.31. 27,832 shares of the stock traded hands. The firm’s 50-day moving average is $71.63 and its 200-day moving average is $69.19. The stock has a market cap of $11.77 billion, a P/E ratio of 13.39 and a beta of 0.57. Banco De Chile has a 12 month low of $58.40 and a 12 month high of $73.40.

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Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Banco De Chile from a “hold” rating to a “sell” rating in a report on Friday, February 10th. Credit Suisse Group reaffirmed a “hold” rating and set a $73.00 target price on shares of Banco De Chile in a report on Friday, January 13th. Finally, J P Morgan Chase & Co raised shares of Banco De Chile from a “neutral” rating to an “overweight” rating and set a $80.00 target price for the company in a report on Tuesday, December 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Banco De Chile currently has an average rating of “Hold” and a consensus target price of $76.13.

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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