Marshall Wace LLP Purchases 41,894 Shares of Banco de Chile (NYSE:BCH)

Marshall Wace LLP boosted its position in Banco de Chile (NYSE:BCH) by 24.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 214,398 shares of the bank’s stock after purchasing an additional 41,894 shares during the quarter. Marshall Wace LLP’s holdings in Banco de Chile were worth $4,852,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Liontrust Investment Partners LLP bought a new stake in shares of Banco de Chile in the second quarter valued at about $294,000. Wellington Management Group LLP boosted its holdings in Banco de Chile by 143.6% in the 4th quarter. Wellington Management Group LLP now owns 280,716 shares of the bank’s stock valued at $6,479,000 after purchasing an additional 165,467 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Banco de Chile by 569.6% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,279 shares of the bank’s stock worth $28,000 after purchasing an additional 1,088 shares in the last quarter. Blue Trust Inc. raised its position in shares of Banco de Chile by 629.3% in the second quarter. Blue Trust Inc. now owns 6,564 shares of the bank’s stock valued at $146,000 after buying an additional 5,664 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Banco de Chile in the first quarter valued at approximately $336,000. 1.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded Banco de Chile from a “sell” rating to a “hold” rating in a research note on Friday, July 19th.

Banco de Chile Price Performance

BCH stock opened at $25.03 on Wednesday. The company’s 50-day moving average price is $24.55 and its two-hundred day moving average price is $23.59. The firm has a market cap of $12.64 billion, a P/E ratio of 8.43 and a beta of 0.40. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 2.29. Banco de Chile has a 12 month low of $19.20 and a 12 month high of $25.97.

Banco de Chile (NYSE:BCH) last announced its quarterly earnings data on Tuesday, July 30th. The bank reported $0.69 EPS for the quarter, beating the consensus estimate of $0.65 by $0.04. Banco de Chile had a net margin of 28.99% and a return on equity of 22.72%. The business had revenue of $810.22 million during the quarter, compared to the consensus estimate of $767.15 million. On average, analysts anticipate that Banco de Chile will post 2.48 earnings per share for the current fiscal year.

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.