Quantinno Capital Management LP Purchases 16,932 Shares of Banco De Chile $BCH

Quantinno Capital Management LP increased its holdings in Banco De Chile (NYSE:BCH) by 30.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,354 shares of the bank’s stock after acquiring an additional 16,932 shares during the quarter. Quantinno Capital Management LP’s holdings in Banco De Chile were worth $2,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in BCH. Lazard Asset Management LLC raised its holdings in Banco De Chile by 4.6% in the 1st quarter. Lazard Asset Management LLC now owns 25,849 shares of the bank’s stock worth $957,000 after acquiring an additional 1,137 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Banco De Chile by 85.6% during the 1st quarter. First Trust Advisors LP now owns 10,325 shares of the bank’s stock valued at $382,000 after purchasing an additional 4,761 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Banco De Chile by 3.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,972 shares of the bank’s stock valued at $295,000 after purchasing an additional 298 shares during the last quarter. KBC Group NV lifted its stake in shares of Banco De Chile by 13.0% in the 1st quarter. KBC Group NV now owns 16,209 shares of the bank’s stock worth $600,000 after purchasing an additional 1,867 shares during the period. Finally, SPX Gestao de Recursos Ltda bought a new position in Banco De Chile in the first quarter worth approximately $53,000. Hedge funds and other institutional investors own 1.24% of the company’s stock.

Banco De Chile Price Performance

Banco De Chile stock opened at $41.29 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $20.85 billion, a PE ratio of 15.64 and a beta of 0.24. Banco De Chile has a 12-month low of $28.26 and a 12-month high of $46.77. The firm has a 50-day moving average price of $39.86 and a 200-day moving average price of $39.80.

Banco De Chile (NYSE:BCH) last released its earnings results on Wednesday, July 1st. The bank reported $0.84 EPS for the quarter. Banco De Chile had a return on equity of 21.10% and a net margin of 31.01%.The firm had revenue of $999.95 million for the quarter. As a group, equities research analysts forecast that Banco De Chile will post 2.83 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on BCH. UBS Group set a $39.00 price objective on Banco De Chile and gave the stock a “neutral” rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. boosted their price target on shares of Banco De Chile from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday. Weiss Ratings upgraded Banco De Chile from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of Banco De Chile from a “sell” rating to a “hold” rating in a research report on Saturday. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $40.00.

Banco De Chile Profile

Banco de Chile (NYSE: BCH) is a leading Chilean financial institution headquartered in Santiago. Founded in 1893, the bank is one of the country’s oldest and most established banking groups, serving a broad spectrum of individual, corporate and institutional clients. It is publicly listed and operates under Chilean banking regulations while participating in international capital markets.

The bank’s core businesses include retail banking, commercial and corporate banking, and investment banking.