Wellington Management Group LLP Invests $4.03 Million in Banco de Chile (NYSE:BCH)

Wellington Management Group LLP acquired a new position in Banco de Chile (NYSE:BCH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 177,827 shares of the bank's stock, valued at approximately $4,033,000.

Other large investors have also recently modified their holdings of the company. Brandywine Global Investment Management LLC lifted its holdings in Banco de Chile by 44.7% in the fourth quarter. Brandywine Global Investment Management LLC now owns 136,418 shares of the bank's stock worth $3,094,000 after buying an additional 42,140 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Banco de Chile by 1.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 530,363 shares of the bank's stock valued at $12,029,000 after purchasing an additional 7,749 shares during the period. Truffle Hound Capital LLC bought a new stake in shares of Banco de Chile during the fourth quarter valued at approximately $4,536,000. Thrivent Financial for Lutherans purchased a new stake in Banco de Chile in the fourth quarter worth $836,000. Finally, Signaturefd LLC raised its holdings in 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 in the last quarter. Institutional investors own 1.24% of the company's stock.

Banco de Chile Stock Up 1.3 %

Shares of Banco de Chile stock traded up $0.37 during midday trading on Thursday, hitting $28.13. The company had a trading volume of 40,798 shares, compared to its average volume of 228,450. Banco de Chile has a 52-week low of $21.37 and a 52-week high of $28.64. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.52 and a current ratio of 1.51. The stock has a market capitalization of $14.21 billion, a P/E ratio of 11.21, a P/E/G ratio of 6.08 and a beta of 0.31. The company has a 50 day moving average of $26.62 and a 200 day moving average of $24.65.

Banco de Chile Dividend Announcement

The business also recently announced an annual dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 21st were paid a $2.1037 dividend. 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 62.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BCH. JPMorgan Chase & Co. boosted their target price on shares of Banco de Chile from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Friday, January 24th. StockNews.com lowered shares of Banco de Chile from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th.

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.