Guggenheim Capital LLC Sells 1,493 Shares of Banco de Chile (BCH)

Guggenheim Capital LLC lowered its stake in shares of Banco de Chile (NYSE:BCH) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,181 shares of the bank’s stock after selling 1,493 shares during the quarter. Guggenheim Capital LLC’s holdings in Banco de Chile were worth $2,141,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Aperio Group LLC boosted its stake in Banco de Chile by 1.9% during the fourth quarter. Aperio Group LLC now owns 132,363 shares of the bank’s stock worth $12,777,000 after acquiring an additional 2,474 shares in the last quarter. KBC Group NV purchased a new position in Banco de Chile in the fourth quarter worth about $833,000. Gilman Hill Asset Management LLC raised its holdings in Banco de Chile by 15.2% in the fourth quarter. Gilman Hill Asset Management LLC now owns 8,814 shares of the bank’s stock worth $851,000 after buying an additional 1,160 shares during the last quarter. Dean Capital Investments Management LLC purchased a new position in shares of Banco de Chile during the fourth quarter valued at approximately $379,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Banco de Chile by 10.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 42,670 shares of the bank’s stock valued at $3,891,000 after purchasing an additional 3,923 shares during the last quarter. Institutional investors own 1.29% of the company’s stock.

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NYSE:BCH opened at $101.34 on Monday. The stock has a market capitalization of $16,933.91, a PE ratio of 18.75, a PEG ratio of 1.08 and a beta of 0.43. Banco de Chile has a fifty-two week low of $72.00 and a fifty-two week high of $106.50.

Banco de Chile (NYSE:BCH) last released its earnings results on Friday, February 2nd. The bank reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.01. Banco de Chile had a net margin of 24.77% and a return on equity of 19.47%. The company had revenue of $705.70 million during the quarter, compared to analysts’ expectations of $725.81 million. sell-side analysts predict that Banco de Chile will post 6.09 earnings per share for the current fiscal year.

The firm also recently declared an annual dividend, which was paid on Thursday, April 5th. Shareholders of record on Thursday, March 29th were given a dividend of $3.0988 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This is a positive change from Banco de Chile’s previous annual dividend of $1.76. This represents a yield of 3.06%. Banco de Chile’s dividend payout ratio (DPR) is currently 41.95%.

A number of research firms have weighed in on BCH. Zacks Investment Research upgraded shares of Banco de Chile from a “sell” rating to a “hold” rating in a research report on Tuesday, March 13th. ValuEngine lowered shares of Banco de Chile from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Bank of America downgraded shares of Banco de Chile from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 18th. Finally, Deutsche Bank downgraded shares of Banco de Chile from a “hold” rating to a “sell” rating and set a $91.00 target price on the stock. in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $92.75.

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Banco de Chile Profile

Banco de Chile provides various banking products and services to individuals, corporate clients, large companies, and small and medium-sized companies in Chile and internationally. The company operates through four segments: Retail, Wholesale, Treasury, and Subsidiaries. It offers checking accounts; personal, car, and mortgage loans; credit cards; credit lines; and investment products, such as fixed-term, automatic renewal, and tax benefit deposits, as well as stocks, portfolio management, voluntary retirement savings/mutual funds, foreign currency, and fixed income investment products.

Institutional Ownership by Quarter for Banco de Chile (NYSE:BCH)

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