Bessemer Group Inc. Has $8.83 Million Stock Holdings in Banco de Chile (NYSE:BCH)

Bessemer Group Inc. lifted its stake in shares of Banco de Chile (NYSE:BCH - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 389,161 shares of the bank's stock after buying an additional 33,706 shares during the quarter. Bessemer Group Inc. owned about 0.08% of Banco de Chile worth $8,825,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC lifted its position in shares of Banco de Chile by 14.5% during the 4th quarter. Signaturefd LLC now owns 3,903 shares of the bank's stock valued at $89,000 after buying an additional 493 shares during the last quarter. R Squared Ltd bought a new position in Banco de Chile in the fourth quarter worth about $94,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Banco de Chile by 41.3% in the 4th 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 last quarter. Atlas Capital Advisors Inc. boosted its position in Banco de Chile by 30.7% in the fourth quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank's stock worth $143,000 after purchasing an additional 1,487 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Banco de Chile by 9.6% during the fourth quarter. Quadrant Capital Group LLC now owns 9,084 shares of the bank's stock valued at $206,000 after acquiring an additional 793 shares during the period. Institutional investors own 1.24% of the company's stock.

Banco de Chile Price Performance

Shares of Banco de Chile stock traded up $0.24 during trading on Wednesday, hitting $27.68. 88,584 shares of the company were exchanged, compared to its average volume of 228,171. Banco de Chile has a fifty-two week low of $21.19 and a fifty-two week high of $28.64. The firm has a 50 day moving average price of $26.58 and a 200 day moving average price of $24.63. The stock has a market capitalization of $13.98 billion, a price-to-earnings ratio of 11.03, a P/E/G ratio of 6.08 and a beta of 0.31. The company has a quick ratio of 1.52, a current ratio of 1.51 and a debt-to-equity ratio of 1.92.

Banco de Chile Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, April 3rd. Shareholders of record on Friday, March 21st were paid a dividend of $2.1037 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend was Friday, March 21st. Banco de Chile's payout ratio is currently 62.55%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of 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 lowered shares of Banco de Chile from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th.

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.