Truxt Investmentos Ltda. Acquires Shares of 51,761 Banco de Chile (NYSE:BCH)

Truxt Investmentos Ltda. bought a new position in shares of Banco de Chile (NYSE:BCH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,761 shares of the bank’s stock, valued at approximately $1,169,000. Banco de Chile accounts for about 1.9% of Truxt Investmentos Ltda.’s holdings, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BCH. Allspring Global Investments Holdings LLC acquired a new stake in Banco de Chile during the 3rd quarter worth approximately $36,000. R Squared Ltd acquired a new stake in shares of Banco de Chile during the fourth quarter worth $94,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 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 period. Creative Planning acquired a new position in Banco de Chile in the 3rd quarter valued at $225,000. Finally, Quantinno Capital Management LP purchased a new position in Banco de Chile during the 3rd quarter worth $261,000. Hedge funds and other institutional investors own 1.24% of the company’s stock.

Banco de Chile Trading Down 0.2 %

NYSE:BCH opened at $26.34 on Thursday. Banco de Chile has a 1 year low of $20.93 and a 1 year high of $26.96. 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 stock has a fifty day moving average price of $23.93 and a two-hundred day moving average price of $24.07. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 6.17 and a beta of 0.44.

Analyst Ratings Changes

Several analysts have recently weighed in on BCH shares. StockNews.com raised shares of Banco de Chile from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. JPMorgan Chase & Co. lifted their price objective on Banco de Chile from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, January 24th.

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.