Banco de Chile (NYSE:BCH) Stock Position Decreased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC decreased its holdings in shares of Banco de Chile (NYSE:BCH) by 37.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,253 shares of the bank’s stock after selling 13,457 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Banco de Chile were worth $505,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BCH. Baillie Gifford & Co. boosted its holdings in 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 buying an additional 618,891 shares in the last quarter. Truffle Hound Capital LLC bought a new stake in Banco de Chile during the fourth quarter worth approximately $4,536,000. Alberta Investment Management Corp bought a new stake in Banco de Chile during the fourth quarter worth approximately $4,033,000. Wellington Management Group LLP bought a new stake in Banco de Chile during the fourth quarter worth approximately $4,033,000. Finally, Marshall Wace LLP boosted its holdings in Banco de Chile by 36.2% during the fourth quarter. Marshall Wace LLP now owns 440,004 shares of the bank’s stock worth $9,979,000 after buying an additional 117,045 shares in the last quarter. Institutional investors and hedge funds own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Banco de Chile from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. increased 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 report on Friday, January 24th.

Banco de Chile Stock Down 0.8%

Banco de Chile stock opened at $31.44 on Friday. The company has a market capitalization of $15.88 billion, a P/E ratio of 12.53, a P/E/G ratio of 6.08 and a beta of 0.24. The firm’s fifty day simple moving average is $28.09 and its 200-day simple moving average is $25.44. 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 1-year low of $22.06 and a 1-year high of $31.84.

Banco de Chile Announces Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 21st were issued 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 54.90%.

About Banco de Chile

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.