Banco de Chile (NYSE:BCH) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC cut its holdings in shares of Banco de Chile (NYSE:BCH) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,351 shares of the bank’s stock after selling 396 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Banco de Chile were worth $371,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. State Street Corp grew its position in shares of Banco de Chile by 293.4% in the third quarter. State Street Corp now owns 128,448 shares of the bank’s stock valued at $3,251,000 after purchasing an additional 95,797 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Banco de Chile by 18,631.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,728 shares of the bank’s stock valued at $550,000 after buying an additional 21,612 shares in the last quarter. Barclays PLC increased its stake in shares of Banco de Chile by 81.8% in the 3rd quarter. Barclays PLC now owns 11,151 shares of the bank’s stock worth $282,000 after acquiring an additional 5,016 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Banco de Chile during the 4th quarter worth $836,000. Finally, Matthews International Capital Management LLC acquired a new position in shares of Banco de Chile during the 4th quarter valued at about $400,000. Hedge funds and other institutional investors own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Banco de Chile from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. StockNews.com lowered shares of Banco de Chile from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th.

Banco de Chile Stock Performance

NYSE BCH opened at $26.44 on Friday. The stock has a fifty day simple moving average of $26.51 and a 200-day simple moving average of $24.60. The company has a current ratio of 1.51, a quick ratio of 1.52 and a debt-to-equity ratio of 1.92. The stock has a market cap of $13.35 billion, a PE ratio of 10.53, a P/E/G ratio of 6.08 and a beta of 0.31. Banco de Chile has a twelve month low of $21.19 and a twelve month high of $28.64.

Banco de Chile Dividend Announcement

The business also recently announced an annual dividend, which was paid on Thursday, April 3rd. Shareholders of record on Friday, March 21st were paid a dividend of $2.1037 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend was Friday, March 21st. Banco de Chile’s dividend payout ratio (DPR) is presently 62.55%.

Banco de Chile Profile

Banco de Chile, together with its subsidiaries, provides various banking services to customers in Chile. The company offers checking and debit accounts, debit and credit cards, and lines of credit; mortgage, consume, commercial, general purpose mortgage loans, and finance leases; and factoring services, mutual fund management, stock brokerage, foreign trade, payments and collections, insurance brokerage, including life and general insurance, as well as time deposits, savings instruments, and foreign currency services through branches under the Banco de Chile and Banco Edwards brands.