Alberta Investment Management Corp Acquires New Stake in Banco de Chile (NYSE:BCH)

Alberta Investment Management Corp purchased a new position in shares of Banco de Chile (NYSE:BCH - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 177,827 shares of the bank's stock, valued at approximately $4,033,000.

A number of other large investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Banco de Chile by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank's stock worth $100,000 after purchasing an additional 1,291 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Banco de Chile in the 3rd quarter worth $36,000. R Squared Ltd bought a new stake in Banco de Chile in the 4th quarter worth $94,000. Blue Trust Inc. increased its position in shares of Banco de Chile by 39.8% in the fourth quarter. Blue Trust Inc. now owns 15,574 shares of the bank's stock valued at $353,000 after acquiring an additional 4,434 shares during the period. Finally, Barclays PLC raised its stake in shares of Banco de Chile by 81.8% during the third quarter. Barclays PLC now owns 11,151 shares of the bank's stock valued at $282,000 after acquiring an additional 5,016 shares during the last quarter. 1.24% of the stock is owned by hedge funds and other institutional investors.

Banco de Chile Trading Down 1.2 %

Shares of BCH traded down $0.31 during trading hours on Friday, reaching $26.32. 511,775 shares of the company traded hands, compared to its average volume of 182,572. Banco de Chile has a 12 month low of $20.93 and a 12 month high of $26.96. The company has a quick ratio of 1.52, a current ratio of 1.51 and a debt-to-equity ratio of 1.92. The company's fifty day moving average price is $24.05 and its two-hundred day moving average price is $24.11. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 6.14 and a beta of 0.44.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BCH shares. JPMorgan Chase & Co. boosted their price target on Banco de Chile from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Friday, January 24th. StockNews.com upgraded Banco de Chile from a "sell" rating to a "hold" rating in a research report on Saturday, February 8th.

About Banco de Chile

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.