Eqis Capital Management Inc. Purchases 3,259 Shares of Banco De Chile (BCH)

Eqis Capital Management Inc. boosted its stake in shares of Banco De Chile (NYSE:BCH) by 68.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,020 shares of the bank’s stock after buying an additional 3,259 shares during the period. Eqis Capital Management Inc.’s holdings in Banco De Chile were worth $625,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in Banco De Chile by 10.8% in the first quarter. Renaissance Technologies LLC now owns 630,152 shares of the bank’s stock valued at $45,472,000 after buying an additional 61,600 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Banco De Chile by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 198,029 shares of the bank’s stock worth $13,953,000 after buying an additional 1,026 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Banco De Chile by 11.2% in the first quarter. Goldman Sachs Group Inc. now owns 156,725 shares of the bank’s stock worth $11,309,000 after buying an additional 15,823 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Banco De Chile during the first quarter worth about $8,365,000. Finally, Credit Suisse AG boosted its stake in shares of Banco De Chile by 8.1% in the first quarter. Credit Suisse AG now owns 98,968 shares of the bank’s stock worth $7,141,000 after buying an additional 7,435 shares during the last quarter. Institutional investors and hedge funds own 1.70% of the company’s stock.

Banco De Chile (BCH) traded up 0.88% during mid-day trading on Monday, reaching $86.86. 19,510 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $83.23 and its 200 day moving average price is $76.45. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 16.09 and a beta of 0.40. Banco De Chile has a one year low of $62.99 and a one year high of $87.35.

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A number of brokerages have issued reports on BCH. BidaskClub raised shares of Banco De Chile from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. ValuEngine cut shares of Banco De Chile from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Credit Suisse Group set a $76.00 price target on shares of Banco De Chile and gave the stock a “hold” rating in a report on Saturday, July 1st. Finally, Zacks Investment Research cut shares of Banco De Chile from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $81.00.

Banco De Chile Company Profile