Brandywine Global Investment Management LLC Buys 42,140 Shares of Banco de Chile (NYSE:BCH)

Brandywine Global Investment Management LLC lifted its holdings in shares of Banco de Chile (NYSE:BCH - Free Report) by 44.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 136,418 shares of the bank's stock after purchasing an additional 42,140 shares during the period. Brandywine Global Investment Management LLC's holdings in Banco de Chile were worth $3,094,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in BCH. Arrowstreet Capital Limited Partnership grew its stake in shares of Banco de Chile by 1.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 530,363 shares of the bank's stock valued at $12,029,000 after buying an additional 7,749 shares during the last quarter. Truffle Hound Capital LLC purchased a new position in Banco de Chile in the 4th quarter worth approximately $4,536,000. Thrivent Financial for Lutherans purchased a new stake in shares of Banco de Chile during the fourth quarter valued at approximately $836,000. Signaturefd LLC grew its holdings 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 purchasing an additional 493 shares during the last quarter. Finally, Amundi grew its holdings in shares of Banco de Chile by 27.1% in the fourth quarter. Amundi now owns 37,533 shares of the bank's stock worth $849,000 after purchasing an additional 8,000 shares during the last quarter. Hedge funds and other institutional investors own 1.24% of the company's stock.

Banco de Chile Trading Down 5.5 %

Shares of NYSE:BCH traded down $1.51 on Friday, hitting $25.71. The company had a trading volume of 910,609 shares, compared to its average volume of 223,280. Banco de Chile has a 1 year low of $21.19 and a 1 year high of $28.64. The company has a quick ratio of 1.52, a current ratio of 1.51 and a debt-to-equity ratio of 1.92. The firm's 50-day simple moving average is $26.41 and its two-hundred day simple moving average is $24.57. The firm has a market capitalization of $12.98 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 6.08 and a beta of 0.31.

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Banco de Chile Announces Dividend

The company also recently announced an annual dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 21st were given a $2.1037 dividend. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, March 21st. Banco de Chile's dividend payout ratio is currently 62.55%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BCH shares. StockNews.com cut shares of Banco de Chile from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. 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 report on Friday, January 24th.

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.