Banco de Chile (NYSE:BCH) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. reduced its position in Banco de Chile (NYSE:BCH) by 38.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,323 shares of the bank’s stock after selling 14,420 shares during the quarter. Advisors Asset Management Inc.’s holdings in Banco de Chile were worth $590,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Banco de Chile in the 3rd quarter valued at about $36,000. Blue Trust Inc. boosted its stake in shares of Banco de Chile by 629.3% in the 2nd quarter. Blue Trust Inc. now owns 6,564 shares of the bank’s stock valued at $146,000 after buying an additional 5,664 shares during the period. Creative Planning purchased a new position in shares of Banco de Chile in the 3rd quarter valued at about $225,000. Liontrust Investment Partners LLP purchased a new position in shares of Banco de Chile in the 2nd quarter valued at about $294,000. Finally, Virtu Financial LLC purchased a new position in shares of Banco de Chile in the 1st quarter valued at about $336,000. 1.24% of the stock is owned by institutional investors and hedge funds.

Banco de Chile Trading Down 0.1 %

Shares of BCH opened at $22.85 on Thursday. The stock has a 50-day simple moving average of $24.02 and a 200-day simple moving average of $23.99. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.99. Banco de Chile has a 1 year low of $20.93 and a 1 year high of $25.97.

Banco de Chile (NYSE:BCH) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.03). The company had revenue of $980.10 million during the quarter, compared to analysts’ expectations of $796.96 million. Banco de Chile had a net margin of 30.00% and a return on equity of 22.69%. As a group, equities analysts forecast that Banco de Chile will post 2.51 earnings per share for the current year.

Banco de Chile Company 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.