Ativo Capital Management LLC lowered its position in Banco De Chile (NYSE:BCH) by 34.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,129 shares of the bank’s stock after selling 3,779 shares during the quarter. Ativo Capital Management LLC’s holdings in Banco De Chile were worth $556,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Summit Global Investments lifted its position in shares of Banco De Chile by 17.2% in the 2nd quarter. Summit Global Investments now owns 8,160 shares of the bank’s stock worth $636,000 after acquiring an additional 1,200 shares during the period. Parallel Advisors LLC lifted its position in shares of Banco De Chile by 2.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,880 shares of the bank’s stock worth $161,000 after acquiring an additional 41 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Banco De Chile by 20.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 38,747 shares of the bank’s stock worth $3,020,000 after acquiring an additional 6,448 shares during the period. Global X Management Co. LLC lifted its position in shares of Banco De Chile by 5.7% in the 2nd quarter. Global X Management Co. LLC now owns 2,042 shares of the bank’s stock worth $159,000 after acquiring an additional 111 shares during the period. Finally, Naples Global Advisors LLC lifted its position in shares of Banco De Chile by 2.8% in the 2nd quarter. Naples Global Advisors LLC now owns 3,295 shares of the bank’s stock worth $257,000 after acquiring an additional 90 shares during the period. Institutional investors own 1.54% of the company’s stock.

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A number of analysts have commented on BCH shares. Zacks Investment Research downgraded Banco De Chile from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. BidaskClub downgraded Banco De Chile from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Credit Suisse Group set a $76.00 target price on Banco De Chile and gave the stock a “hold” rating in a research report on Saturday, July 1st. Finally, ValuEngine downgraded Banco De Chile from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $88.67.

Banco De Chile (BCH) opened at 92.99 on Friday. Banco De Chile has a 12 month low of $65.75 and a 12 month high of $93.66. The company has a market cap of $15.53 billion, a P/E ratio of 17.22 and a beta of 0.40. The firm has a 50-day moving average price of $87.31 and a 200 day moving average price of $79.41.

About Banco De Chile

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

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