51,761 Shares in Banco de Chile (NYSE:BCH) Purchased by Truxt Investmentos Ltda.

Truxt Investmentos Ltda. purchased a new position in Banco de Chile (NYSE:BCH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 51,761 shares of the bank's stock, valued at approximately $1,169,000. Banco de Chile comprises about 1.9% of Truxt Investmentos Ltda.'s portfolio, making the stock its 17th largest position.

A number of other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in Banco de Chile during the 3rd quarter valued at approximately $36,000. R Squared Ltd bought a new position in Banco de Chile during the fourth quarter valued at approximately $94,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Banco de Chile by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank's stock valued at $100,000 after acquiring an additional 1,291 shares during the period. Creative Planning bought a new stake in shares of Banco de Chile during the 3rd quarter valued at $225,000. Finally, Quantinno Capital Management LP bought a new stake in Banco de Chile during the 3rd quarter worth approximately $261,000. Institutional investors own 1.24% of the company's stock.

Banco de Chile Stock Performance

NYSE BCH traded down $0.31 on Friday, hitting $26.32. 511,775 shares of the company's stock traded hands, compared to its average volume of 182,572. The firm has a market capitalization of $13.29 billion, a PE ratio of 10.49, a P/E/G ratio of 6.14 and a beta of 0.44. The firm's 50-day moving average price is $24.05 and its two-hundred day moving average price is $24.11. 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 $20.93 and a 1-year high of $26.96.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Banco de Chile from $21.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. StockNews.com upgraded shares of Banco de Chile from a "sell" rating to a "hold" rating in a research note on Saturday, February 8th.

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.