Wellington Management Group LLP Acquires Shares of 177,827 Banco de Chile (NYSE:BCH)

Wellington Management Group LLP bought a new position in Banco de Chile (NYSE:BCH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 177,827 shares of the bank’s stock, valued at approximately $4,033,000.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in Banco de Chile by 14.5% during the 4th quarter. Signaturefd LLC now owns 3,903 shares of the bank’s stock valued at $89,000 after purchasing an additional 493 shares during the last quarter. R Squared Ltd bought a new position in shares of Banco de Chile during the fourth quarter valued at $94,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Banco de Chile by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank’s stock worth $100,000 after buying an additional 1,291 shares in the last quarter. Quantinno Capital Management LP bought a new stake in Banco de Chile in the 3rd quarter worth about $261,000. Finally, Barclays PLC raised its position in 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 buying an additional 5,016 shares during the last quarter. Hedge funds and other institutional investors own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

BCH has been the subject of several research reports. StockNews.com cut shares of Banco de Chile from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. increased their price target on Banco de Chile from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, January 24th.

Banco de Chile Trading Up 3.9 %

Banco de Chile stock opened at $26.44 on Friday. Banco de Chile has a 52-week low of $21.19 and a 52-week high of $28.64. The company has a market cap of $13.35 billion, a P/E ratio of 10.53, a P/E/G ratio of 6.08 and a beta of 0.31. The company has a quick ratio of 1.52, a current ratio of 1.51 and a debt-to-equity ratio of 1.92. The business has a 50-day simple moving average of $26.51 and a two-hundred day simple moving average of $24.60.

Banco de Chile Announces Dividend

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

Banco de Chile Company 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.