Royal Bank of Canada lessened its stake in shares of Banco De Chile (NYSE:BCH) by 35.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,017 shares of the bank’s stock after selling 1,114 shares during the period. Royal Bank of Canada’s holdings in Banco De Chile were worth $157,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global X Management Co. LLC raised its holdings in Banco De Chile by 5.7% during the second quarter. Global X Management Co. LLC now owns 2,042 shares of the bank’s stock worth $159,000 after acquiring an additional 111 shares in the last quarter. Parallel Advisors LLC raised its stake in Banco De Chile by 2.2% in the second quarter. Parallel Advisors LLC now owns 1,880 shares of the bank’s stock valued at $161,000 after buying an additional 41 shares during the period. Naples Global Advisors LLC raised its stake in Banco De Chile by 2.8% in the second quarter. Naples Global Advisors LLC now owns 3,295 shares of the bank’s stock valued at $257,000 after buying an additional 90 shares during the period. Nordea Investment Management AB raised its stake in Banco De Chile by 140.2% in the second quarter. Nordea Investment Management AB now owns 3,788 shares of the bank’s stock valued at $295,000 after buying an additional 2,211 shares during the period. Finally, UBS Group AG raised its stake in Banco De Chile by 94.7% in the first quarter. UBS Group AG now owns 5,819 shares of the bank’s stock valued at $420,000 after buying an additional 2,830 shares during the period. Institutional investors and hedge funds own 1.56% of the company’s stock.

Banco De Chile (BCH) opened at $85.16 on Friday. Banco De Chile has a 12-month low of $65.53 and a 12-month high of $95.80. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.42 and a quick ratio of 1.39. The company has a market capitalization of $14,230.24, a P/E ratio of 16.64, a PEG ratio of 1.94 and a beta of 0.46.

Several research firms have issued reports on BCH. BidaskClub upgraded Banco De Chile from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. J P Morgan Chase & Co lowered Banco De Chile from an “overweight” rating to a “neutral” rating and set a $92.00 price objective on the stock. in a research note on Wednesday, September 6th. Zacks Investment Research lowered Banco De Chile from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Scotiabank lowered Banco De Chile from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, October 24th. Finally, Santander upgraded Banco De Chile from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $88.67.

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Banco De Chile Profile

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

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