Northern Trust Corp Buys 54,109 Shares of Banco de Chile (NYSE:BCH)

Northern Trust Corp boosted its holdings in shares of Banco de Chile (NYSE:BCH) by 57.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 148,843 shares of the bank’s stock after buying an additional 54,109 shares during the period. Northern Trust Corp’s holdings in Banco de Chile were worth $3,376,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BCH. Signaturefd LLC lifted its stake in Banco de Chile by 14.5% during the fourth quarter. Signaturefd LLC now owns 3,903 shares of the bank’s stock worth $89,000 after purchasing an additional 493 shares during the last quarter. R Squared Ltd bought a new stake in Banco de Chile during the fourth quarter worth about $94,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Banco de Chile by 41.3% during the fourth 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 during the last quarter. Atlas Capital Advisors Inc. lifted its stake in Banco de Chile by 30.7% during the fourth quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank’s stock worth $143,000 after purchasing an additional 1,487 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in Banco de Chile during the fourth quarter worth about $184,000. Institutional investors own 1.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BCH. JPMorgan Chase & Co. boosted their target price on Banco de Chile from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Wall Street Zen upgraded Banco de Chile from a “sell” rating to a “hold” rating in a report on Friday, May 2nd.

Banco de Chile Stock Up 0.5%

Shares of NYSE:BCH opened at $31.05 on Friday. Banco de Chile has a 1 year low of $22.06 and a 1 year high of $31.84. The company has a market cap of $15.68 billion, a PE ratio of 12.37, a P/E/G ratio of 6.08 and a beta of 0.24. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.51 and a quick ratio of 1.52. The stock’s 50-day moving average is $28.51 and its 200 day moving average is $25.76.

Banco de Chile Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Thursday, April 3rd. Investors of record on Friday, March 21st were issued 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 is presently 54.90%.

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.