Axa S.A. Sells 7,228 Shares of Banco de Chile (NYSE:BCH)

Axa S.A. trimmed its stake in Banco de Chile (NYSE:BCH) by 32.1% in the fourth quarter, Holdings Channel reports. The firm owned 15,272 shares of the bank’s stock after selling 7,228 shares during the quarter. Axa S.A.’s holdings in Banco de Chile were worth $346,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BCH. Barclays PLC grew its stake in Banco de Chile by 81.8% during the third quarter. Barclays PLC now owns 11,151 shares of the bank’s stock worth $282,000 after buying an additional 5,016 shares in the last quarter. Blue Trust Inc. boosted its position in Banco de Chile by 39.8% during the 4th quarter. Blue Trust Inc. now owns 15,574 shares of the bank’s stock worth $353,000 after buying an additional 4,434 shares during the period. Matthews International Capital Management LLC bought a new stake in shares of Banco de Chile in the fourth quarter worth $400,000. R Squared Ltd bought a new stake in shares of Banco de Chile in the 4th quarter valued at about $94,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Banco de Chile by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank’s stock valued at $100,000 after purchasing an additional 1,291 shares during the period. 1.24% of the stock is currently owned by institutional investors and hedge funds.

Banco de Chile Trading Down 0.9 %

Shares of Banco de Chile stock opened at $30.46 on Friday. The company’s 50-day moving average price is $27.76 and its 200-day moving average price is $25.26. The company has a current ratio of 1.51, a quick ratio of 1.52 and a debt-to-equity ratio of 1.92. Banco de Chile has a 12-month low of $22.06 and a 12-month high of $30.99. The company has a market cap of $15.38 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 6.08 and a beta of 0.24.

Banco de Chile Announces Dividend

The company also recently declared an annual dividend, which was paid on Thursday, April 3rd. Shareholders of record on Friday, March 21st were paid a dividend of $2.1037 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend was Friday, March 21st. Banco de Chile’s dividend payout ratio (DPR) is currently 54.90%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BCH. StockNews.com upgraded Banco de Chile from a “sell” rating to a “hold” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. upped their target price 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 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.