Truxt Investmentos Ltda. Buys Shares of 69,761 Banco De Chile $BCH

Truxt Investmentos Ltda. purchased a new position in shares of Banco De Chile (NYSE:BCH) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 69,761 shares of the bank’s stock, valued at approximately $2,114,000. Banco De Chile comprises approximately 3.2% of Truxt Investmentos Ltda.’s portfolio, making the stock its 7th biggest holding.

A number of other hedge funds have also recently modified their holdings of the business. Thrivent Financial for Lutherans bought a new position in Banco De Chile in the 3rd quarter worth $1,116,000. Vanguard Personalized Indexing Management LLC increased its position in Banco De Chile by 28.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 21,646 shares of the bank’s stock worth $656,000 after buying an additional 4,841 shares in the last quarter. Aubrey Capital Management Ltd bought a new position in shares of Banco De Chile in the third quarter worth about $1,227,000. SG Americas Securities LLC bought a new position in shares of Banco De Chile in the third quarter worth about $274,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Banco De Chile during the 3rd quarter valued at about $492,000. Institutional investors own 1.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group lowered shares of Banco De Chile from a “hold” rating to a “sell” rating and set a $36.00 target price for the company. in a report on Tuesday, January 13th. JPMorgan Chase & Co. increased their price objective on shares of Banco De Chile from $33.00 to $36.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Wall Street Zen cut shares of Banco De Chile from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Banco De Chile in a report on Wednesday, January 21st. Finally, Zacks Research cut Banco De Chile from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $36.00.

Banco De Chile Stock Performance

BCH opened at $44.82 on Tuesday. The stock has a market capitalization of $22.04 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.22 and a beta of 0.20. Banco De Chile has a fifty-two week low of $23.66 and a fifty-two week high of $46.77. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.53 and a current ratio of 1.53. The company has a fifty day moving average of $39.57 and a 200 day moving average of $34.11.

Banco De Chile Company Profile

Banco de Chile (NYSE: BCH) is a leading Chilean financial institution headquartered in Santiago. Founded in 1893, the bank is one of the country’s oldest and most established banking groups, serving a broad spectrum of individual, corporate and institutional clients. It is publicly listed and operates under Chilean banking regulations while participating in international capital markets.

The bank’s core businesses include retail banking, commercial and corporate banking, and investment banking.