Baillie Gifford & Co. Has $66.25 Million Stake in Banco de Chile (NYSE:BCH)

Baillie Gifford & Co. lessened its position in shares of Banco de Chile (NYSE:BCH - Free Report) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,617,482 shares of the bank's stock after selling 54,297 shares during the period. Baillie Gifford & Co.'s holdings in Banco de Chile were worth $66,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Liontrust Investment Partners LLP acquired a new position in Banco de Chile during the second quarter valued at approximately $294,000. Marshall Wace LLP raised its holdings in shares of Banco de Chile by 24.3% during the 2nd quarter. Marshall Wace LLP now owns 214,398 shares of the bank's stock worth $4,852,000 after buying an additional 41,894 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Banco de Chile by 629.3% during the 2nd quarter. Blue Trust Inc. now owns 6,564 shares of the bank's stock worth $146,000 after buying an additional 5,664 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Banco de Chile during the 1st quarter worth $336,000. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Banco de Chile by 31.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,596 shares of the bank's stock valued at $351,000 after buying an additional 3,730 shares in the last quarter. Institutional investors and hedge funds own 1.24% of the company's stock.

Banco de Chile Trading Down 0.7 %

Shares of NYSE BCH traded down $0.16 during midday trading on Wednesday, reaching $22.96. 263,412 shares of the company were exchanged, compared to its average volume of 191,936. The stock's 50-day moving average price is $24.35 and its 200-day moving average price is $23.96. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.52 and a current ratio of 1.52. Banco de Chile has a one year low of $20.78 and a one year high of $25.97.

Banco de Chile (NYSE:BCH - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $0.61 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.03). Banco de Chile had a net margin of 30.00% and a return on equity of 22.69%. The firm had revenue of $980.10 million for the quarter, compared to analyst estimates of $796.96 million. As a group, research analysts predict that Banco de Chile will post 2.51 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Banco de Chile from a "sell" rating to a "hold" rating in a report on Friday, July 19th.

Banco de Chile 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.