Marshall Wace LLP Has $9.98 Million Stake in Banco de Chile (NYSE:BCH)

Marshall Wace LLP raised its holdings in Banco de Chile (NYSE:BCH) by 36.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 440,004 shares of the bank’s stock after purchasing an additional 117,045 shares during the period. Marshall Wace LLP’s holdings in Banco de Chile were worth $9,979,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BCH. Baillie Gifford & Co. grew its stake in shares of Banco de Chile by 23.6% during the fourth quarter. Baillie Gifford & Co. now owns 3,236,373 shares of the bank’s stock worth $73,401,000 after purchasing an additional 618,891 shares during the period. Renaissance Technologies LLC boosted its stake in Banco de Chile by 2.2% during the 4th quarter. Renaissance Technologies LLC now owns 1,335,194 shares of the bank’s stock worth $30,282,000 after acquiring an additional 29,300 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Banco de Chile by 1.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 530,363 shares of the bank’s stock valued at $12,029,000 after purchasing an additional 7,749 shares in the last quarter. Bessemer Group Inc. raised its holdings in Banco de Chile by 9.5% in the fourth quarter. Bessemer Group Inc. now owns 389,161 shares of the bank’s stock worth $8,825,000 after purchasing an additional 33,706 shares during the period. Finally, Truffle Hound Capital LLC bought a new position in shares of Banco de Chile during the fourth quarter worth $4,536,000. Institutional investors and hedge funds own 1.24% of the company’s stock.

Analysts Set New Price Targets

BCH has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Banco de Chile from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. StockNews.com lowered Banco de Chile from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th.

Banco de Chile Stock Up 1.6 %

Shares of BCH stock opened at $28.41 on Tuesday. The company has a market capitalization of $14.35 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 6.08 and a beta of 0.31. Banco de Chile has a 12-month low of $21.76 and a 12-month high of $28.64. The firm has a fifty day moving average of $26.75 and a 200-day moving average of $24.72. The company has a quick ratio of 1.52, a current ratio of 1.51 and a debt-to-equity ratio of 1.92.

Banco de Chile Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 21st were given a dividend of $2.1037 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a dividend yield of 5.1%. Banco de Chile’s dividend payout ratio is currently 62.55%.

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.