TT International Asset Management LTD Acquires 13,495 Shares of Banco De Chile $BCH

TT International Asset Management LTD increased its holdings in shares of Banco De Chile (NYSE:BCH) by 2.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 512,948 shares of the bank’s stock after purchasing an additional 13,495 shares during the quarter. Banco De Chile accounts for 2.3% of TT International Asset Management LTD’s holdings, making the stock its 13th biggest position. TT International Asset Management LTD owned approximately 0.10% of Banco De Chile worth $20,523,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BCH. Hennion & Walsh Asset Management Inc. lifted its stake in Banco De Chile by 17.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 69,482 shares of the bank’s stock valued at $2,763,000 after buying an additional 10,157 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Banco De Chile by 30.6% during the first quarter. Quantinno Capital Management LP now owns 72,354 shares of the bank’s stock worth $2,680,000 after acquiring an additional 16,932 shares in the last quarter. Novem Group increased its position in shares of Banco De Chile by 2.5% during the third quarter. Novem Group now owns 27,700 shares of the bank’s stock worth $1,108,000 after acquiring an additional 676 shares in the last quarter. Advisors Preferred LLC raised its holdings in shares of Banco De Chile by 278.9% during the first quarter. Advisors Preferred LLC now owns 27,706 shares of the bank’s stock worth $1,026,000 after acquiring an additional 20,393 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in shares of Banco De Chile by 4.6% during the first 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 period. 1.24% of the stock is currently owned by institutional investors and hedge funds.

Banco De Chile Price Performance

Shares of BCH opened at $37.85 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.51 and a debt-to-equity ratio of 1.92. Banco De Chile has a twelve month low of $33.60 and a twelve month high of $46.77. The stock has a market capitalization of $19.12 billion, a P/E ratio of 13.10 and a beta of 0.27. The company has a 50 day moving average of $40.23 and a 200-day moving average of $40.00.

Wall Street Analyst Weigh In

Several research firms recently commented on BCH. Weiss Ratings cut shares of Banco De Chile from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Wall Street Zen cut Banco De Chile from a “hold” rating to a “sell” rating in a report on Saturday. Finally, JPMorgan Chase & Co. dropped their price target on Banco De Chile from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $39.67.

Banco De Chile Profile

Banco de Chile is a full-service commercial bank headquartered in Santiago, Chile. Founded in 1893, it is one of the country’s longstanding financial institutions and provides banking services to individuals, businesses, corporations and institutional clients throughout Chile.

The bank offers a broad range of products and services, including checking and savings accounts, consumer and commercial loans, mortgages, credit and debit cards, payment services, foreign-exchange transactions, investment products and financial advisory services.