Baillie Gifford & Co. Raises Stock Holdings in Banco de Chile (NYSE:BCH)

Baillie Gifford & Co. raised its stake in shares of Banco de Chile (NYSE:BCH - Free Report) by 23.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,236,373 shares of the bank's stock after purchasing an additional 618,891 shares during the period. Baillie Gifford & Co. owned 0.64% of Banco de Chile worth $73,401,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Triasima Portfolio Management inc. grew its holdings in Banco de Chile by 49.6% during the fourth quarter. Triasima Portfolio Management inc. now owns 17,190 shares of the bank's stock valued at $390,000 after purchasing an additional 5,700 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake 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 acquiring an additional 1,291 shares during the period. R Squared Ltd bought a new position in shares of Banco de Chile in the fourth quarter worth about $94,000. Matthews International Capital Management LLC bought a new position in shares of Banco de Chile in the fourth quarter worth about $400,000. Finally, Blue Trust Inc. boosted its stake 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 worth $353,000 after acquiring an additional 4,434 shares during the period. Institutional investors own 1.24% of the company's stock.

Banco de Chile Price Performance

Shares of NYSE:BCH traded down $0.31 during mid-day trading on Friday, reaching $26.32. The stock had a trading volume of 511,775 shares, compared to its average volume of 208,249. The company has a current ratio of 1.51, a quick ratio of 1.52 and a debt-to-equity ratio of 1.92. The company has a market cap of $13.29 billion, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 6.07 and a beta of 0.44. Banco de Chile has a 1 year low of $20.93 and a 1 year high of $26.96. The business's 50 day moving average price is $24.05 and its 200 day moving average price is $24.11.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BCH shares. JPMorgan Chase & Co. upped their price objective on Banco de Chile from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. StockNews.com raised Banco de Chile from a "sell" rating to a "hold" rating in a research note on Saturday, February 8th.

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.