Oxford Asset Management Takes Position in Banco De Chile (BCH)

Oxford Asset Management acquired a new position in Banco De Chile (NYSE:BCH) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,856 shares of the bank’s stock, valued at approximately $423,000.

A number of other institutional investors have also recently bought and sold shares of BCH. LSV Asset Management increased its position in Banco De Chile by 36.7% in the first quarter. LSV Asset Management now owns 3,722 shares of the bank’s stock worth $268,000 after buying an additional 1,000 shares in the last quarter. Eqis Capital Management Inc. increased its position in Banco De Chile by 16.6% in the first quarter. Eqis Capital Management Inc. now owns 4,761 shares of the bank’s stock worth $344,000 after buying an additional 678 shares in the last quarter. US Bancorp DE increased its position in Banco De Chile by 1.6% in the first quarter. US Bancorp DE now owns 4,947 shares of the bank’s stock worth $357,000 after buying an additional 76 shares in the last quarter. Airain ltd purchased a new position in Banco De Chile during the first quarter worth about $421,000. Finally, Profund Advisors LLC increased its position in Banco De Chile by 102.6% in the first quarter. Profund Advisors LLC now owns 6,192 shares of the bank’s stock worth $447,000 after buying an additional 3,136 shares in the last quarter. 1.87% of the stock is currently owned by hedge funds and other institutional investors.

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

Banco De Chile (NYSE:BCH) opened at 79.01 on Friday. Banco De Chile has a 12-month low of $59.57 and a 12-month high of $79.84. The stock has a market capitalization of $12.86 billion, a P/E ratio of 16.46 and a beta of 0.39. The firm’s 50-day moving average is $76.00 and its 200-day moving average is $72.97.

Banco De Chile (NYSE:BCH) last released its earnings results on Monday, May 8th. The bank reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by $0.06. Banco De Chile had a return on equity of 18.89% and a net margin of 24.00%. The company had revenue of $640.30 million during the quarter. Analysts predict that Banco De Chile will post $5.43 EPS for the current fiscal year.

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A number of equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Banco De Chile from a “buy” rating to a “hold” rating in a report on Tuesday. Credit Suisse Group set a $73.00 price objective on shares of Banco De Chile and gave the stock a “hold” rating in a report on Wednesday, April 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $80.00.

Banco De Chile Company Profile

Want to see what other hedge funds are holding BCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco De Chile (NYSE:BCH).

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