Brandywine Global Investment Management LLC Has $3.09 Million Stake in Banco de Chile (NYSE:BCH)

Brandywine Global Investment Management LLC increased its position in Banco de Chile (NYSE:BCH) by 44.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 136,418 shares of the bank’s stock after buying an additional 42,140 shares during the period. Brandywine Global Investment Management LLC’s holdings in Banco de Chile were worth $3,094,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCH. Arrowstreet Capital Limited Partnership increased its stake in shares of Banco de Chile by 1.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 530,363 shares of the bank’s stock worth $12,029,000 after purchasing an additional 7,749 shares during the last quarter. Truffle Hound Capital LLC acquired a new position in Banco de Chile during the fourth quarter worth $4,536,000. Thrivent Financial for Lutherans bought a new position in Banco de Chile during the fourth quarter valued at about $836,000. Signaturefd LLC lifted its position in shares of Banco de Chile by 14.5% in the fourth quarter. Signaturefd LLC now owns 3,903 shares of the bank’s stock worth $89,000 after buying an additional 493 shares during the last quarter. Finally, Amundi boosted its stake in shares of Banco de Chile by 27.1% during the 4th quarter. Amundi now owns 37,533 shares of the bank’s stock worth $849,000 after acquiring an additional 8,000 shares in the last quarter. Institutional investors own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Banco de Chile Stock Performance

Shares of NYSE:BCH opened at $26.72 on Thursday. Banco de Chile has a 52-week low of $21.19 and a 52-week high of $28.64. 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 company has a market cap of $13.50 billion, a P/E ratio of 10.65, a P/E/G ratio of 6.08 and a beta of 0.39. The stock’s 50-day moving average is $26.33 and its 200-day moving average is $24.54.

Banco de Chile Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 21st will be given a $2.1037 dividend. This represents a yield of 5.1%. The ex-dividend date of this dividend is Friday, March 21st. Banco de Chile’s dividend payout ratio is currently 53.78%.

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.