The stock is trading at $84.07 slightly over $77.07, the stock’s 50 day moving average and which is a tad above the 200 day moving average of $73.55. The 50 day moving average went up $7.00 or +9.08% and the 200 day average was up $10.52. (NYSE:BCH) shares saw light trading volume with 42K shares changing hands in the last trading session. Volume was down 15.22% under the stocks average daily volume.
These firms have also modified their investment in BCH. Tower Research Capital LLC (trc) bolstered its investment by buying 126 shares an increase of 21.1% from 06/30/2016 to 03/31/2017. Tower Research Capital LLC (trc) controls 723 shares valued at $52,000. The total value of its holdings increased 36.8%. Goldman Sachs Group Inc augmented its holdings by buying 13,008 shares an increase of 10.4% as of 03/31/2017. Goldman Sachs Group Inc claims 137,824 shares worth $9,945,000. The value of the position overall is up by 13.1%.
Invesco Ltd. added to its ownership by buying 174,964 shares an increase of 1,281.6%. Invesco Ltd. owns 188,616 shares with a value of $13,611,000. The total value of its holdings increased 1,314.9%. AQR Capital Management LLC expanded its position by buying 16,468 shares an increase of 21.2% in the quarter. AQR Capital Management LLC now controls 94,163 shares worth $6,795,000. The total value of its holdings increased 24.1%.
On August 15, 2016 the stock rating was rated “Hold” according to a Standpoint Research report which was a cut from the previous “Buy” rating. On July 15 the stock rating was upgraded to “Outperform” from “” by Scotia Bank.
April 7 investment analysts at Barclays maintained a stock rating of “Overweight” but moved down the price target to $71.50 from $72.00. On August 26 the company was upgraded from “Hold” to “Buy” with a current price target of $75.00 by analysts at Standpoint Research.
On November 6 JP Morgan left the company rating at “Overweight” and lowered the price target from $93.00 to $90.00. July 7 investment analysts at JP Morgan held the stock rating at “Neutral” but raised the price expectation from $90.00 to $93.00.
The company is now up from yesterday’s close of $81.55. Additionally Banco De Chile Banco De Chile A declared a dividend which was paid on Monday the 3rd of April 2017. The dividend was $0.660 per share for the quarter or $2.64 annualized. This dividend amount represented a yeild of $3.28. The ex-dividend date was Wednesday the 15th of March 2017.
Banco De Chile Banco De Chile A’s P/E ratio is 15.57 and market capitalization is 13.68B. As of the last earnings report the EPS was $5.40 and is projected to be $5.30 for the current year with 162,707,000 shares currently outstanding. Next quarter’s EPS is forecasted at $1.32 with next year’s EPS projected to be $5.94.
Banco de Chile is a full service financial institution, which is involved in providing credit and non-credit products and services in Chile. The Bank operates through Retail, Wholesale, Treasury and Subsidiaries segments. The Bank is a commercial bank, which offers a range of banking services to its customers, ranging from individuals to corporations. The Bank’s services are managed in corporate banking, middle and small corporate banking, personal banking services and retail. The Bank also offers international, as well as treasury banking services. The Bank also offers business banking and small business banking services. The Bank’s subsidiaries provide other services, including securities brokerage, mutual fund and investment management, insurance brokerage, financial advisory and securitization..Advertisement