Axa S.A. Decreases Stock Holdings in Banco de Chile (NYSE:BCH)

Axa S.A. lowered its stake in Banco de Chile (NYSE:BCH) by 32.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,272 shares of the bank’s stock after selling 7,228 shares during the quarter. Axa S.A.’s holdings in Banco de Chile were worth $346,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Banco de Chile by 14.5% in the 4th quarter. Signaturefd LLC now owns 3,903 shares of the bank’s stock worth $89,000 after acquiring an additional 493 shares during the period. R Squared Ltd bought a new stake in Banco de Chile in the fourth quarter worth about $94,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of 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 purchasing an additional 1,291 shares in the last quarter. Atlas Capital Advisors Inc. lifted its position in shares of Banco de Chile by 30.7% during the 4th quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank’s stock valued at $143,000 after acquiring an additional 1,487 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of Banco de Chile in the 4th quarter worth $184,000. 1.24% of the stock is currently owned by hedge funds and other institutional investors.

Banco de Chile Stock Down 0.9 %

Shares of NYSE:BCH opened at $30.46 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.52 and a current ratio of 1.51. The company has a market capitalization of $15.38 billion, a PE ratio of 12.14, a P/E/G ratio of 6.08 and a beta of 0.24. Banco de Chile has a 52 week low of $22.06 and a 52 week high of $30.99. The company’s fifty day moving average is $27.76 and its 200-day moving average is $25.26.

Banco de Chile Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Thursday, April 3rd. Shareholders of record on Friday, March 21st were issued a dividend of $2.1037 per share. This represents a yield of 5.1%. The ex-dividend date was Friday, March 21st. Banco de Chile’s dividend payout ratio is 54.90%.

Analyst Ratings Changes

BCH has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on Banco de Chile from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, January 24th. StockNews.com raised Banco de Chile from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd.

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.