Goldman Sachs Group Inc. lowered its position in shares of Banco De Chile (NYSE:BCH) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 153,208 shares of the bank’s stock after selling 3,517 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.09% of Banco De Chile worth $11,940,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in shares of Banco De Chile by 2.2% during the second quarter. Parallel Advisors LLC now owns 1,880 shares of the bank’s stock worth $161,000 after acquiring an additional 41 shares during the last quarter. Global X Management Co. LLC raised its position in shares of Banco De Chile by 27.9% during the first quarter. Global X Management Co. LLC now owns 1,931 shares of the bank’s stock worth $139,000 after acquiring an additional 421 shares during the last quarter. Two Sigma Securities LLC bought a new stake in shares of Banco De Chile during the first quarter worth $235,000. Naples Global Advisors LLC raised its position in shares of Banco De Chile by 2.8% during the second quarter. Naples Global Advisors LLC now owns 3,295 shares of the bank’s stock worth $257,000 after acquiring an additional 90 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Banco De Chile by 140.2% during the second quarter. Nordea Investment Management AB now owns 3,788 shares of the bank’s stock worth $295,000 after acquiring an additional 2,211 shares during the last quarter. Institutional investors own 1.54% of the company’s stock.

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A number of equities research analysts have recently weighed in on the company. Santander upgraded Banco De Chile from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Zacks Investment Research downgraded Banco De Chile from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. J P Morgan Chase & Co downgraded Banco De Chile from an “overweight” rating to a “neutral” rating and set a $92.00 target price for the company. in a research report on Wednesday, September 6th. ValuEngine upgraded Banco De Chile from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub upgraded Banco De Chile from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $88.67.

Shares of Banco De Chile (NYSE BCH) opened at 93.41 on Wednesday. The firm has a market capitalization of $15.60 billion, a PE ratio of 17.30 and a beta of 0.41. The company’s 50 day moving average price is $90.35 and its 200-day moving average price is $82.00. Banco De Chile has a 52 week low of $66.00 and a 52 week high of $95.80.

Banco De Chile Company Profile

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

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