TD Asset Management Inc. cut its stake in shares of Banco De Chile (NYSE:BCH) by 47.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,557 shares of the bank’s stock after selling 2,277 shares during the quarter. TD Asset Management Inc.’s holdings in Banco De Chile were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in shares of Banco De Chile by 2.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,880 shares of the bank’s stock valued at $161,000 after purchasing an additional 41 shares during the last quarter. Global X Management Co. LLC grew its holdings in Banco De Chile by 5.7% during the 2nd 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 during the last quarter. Nordea Investment Management AB grew its holdings in Banco De Chile by 140.2% during the 2nd 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. Banco BTG Pactual S.A. grew its holdings in Banco De Chile by 69.0% during the 2nd quarter. Banco BTG Pactual S.A. now owns 4,900 shares of the bank’s stock worth $382,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Summit Global Investments grew its holdings in Banco De Chile by 17.2% during the 2nd quarter. Summit Global Investments now owns 8,160 shares of the bank’s stock worth $636,000 after acquiring an additional 1,200 shares during the last quarter. 1.42% of the stock is currently owned by institutional investors.

Shares of Banco De Chile (BCH) opened at $86.65 on Friday. Banco De Chile has a 1-year low of $68.12 and a 1-year high of $95.80. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 2.50. The firm has a market cap of $14,171.75, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 1.88 and a beta of 0.41.

A number of research firms have weighed in on BCH. Zacks Investment Research raised shares of Banco De Chile from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Tuesday, August 22nd. Santander raised shares of Banco De Chile from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. J P Morgan Chase & Co lowered shares of Banco De Chile from an “overweight” rating to a “neutral” rating and set a $92.00 target price on the stock. in a report on Wednesday, September 6th. ValuEngine raised shares of Banco De Chile from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Scotiabank lowered shares of Banco De Chile from an “outperform” rating to a “sector perform” rating in a report on Tuesday, October 24th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $88.67.

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About Banco De Chile

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

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