Itau Unibanco Holding S.A. Has $4.85 Million Stake in Banco de Chile (NYSE:BCH)

Itau Unibanco Holding S.A. raised its stake in Banco de Chile (NYSE:BCH) by 105.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 213,773 shares of the bank’s stock after purchasing an additional 109,700 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Banco de Chile were worth $4,848,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of BCH. Baillie Gifford & Co. raised its position in Banco de Chile by 23.6% in the 4th quarter. Baillie Gifford & Co. now owns 3,236,373 shares of the bank’s stock valued at $73,401,000 after buying an additional 618,891 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Banco de Chile by 2.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,335,194 shares of the bank’s stock valued at $30,282,000 after purchasing an additional 29,300 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Banco de Chile by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 813,238 shares of the bank’s stock valued at $18,443,000 after purchasing an additional 38,232 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Banco de Chile by 1.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 530,363 shares of the bank’s stock worth $12,029,000 after purchasing an additional 7,749 shares during the last quarter. Finally, Marshall Wace LLP grew its position in Banco de Chile by 36.2% in the 4th quarter. Marshall Wace LLP now owns 440,004 shares of the bank’s stock worth $9,979,000 after purchasing an additional 117,045 shares in the last quarter. Institutional investors own 1.24% of the company’s stock.

Banco de Chile Stock Performance

NYSE BCH opened at $29.47 on Thursday. The company has a market capitalization of $14.88 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 6.08 and a beta of 0.31. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.52 and a current ratio of 1.51. Banco de Chile has a 52-week low of $21.76 and a 52-week high of $30.83. The company has a 50-day simple moving average of $27.25 and a 200 day simple moving average of $24.99.

Banco de Chile Announces Dividend

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

Analyst Upgrades and Downgrades

BCH has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price 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 cut Banco de Chile from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th.

About Banco de Chile

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.