Bank of America Corp DE increased its position in Banco de Chile (NYSE:BCH - Free Report) by 231.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,323 shares of the bank's stock after purchasing an additional 64,510 shares during the period. Bank of America Corp DE's holdings in Banco de Chile were worth $2,094,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of BCH. Mirae Asset Global Investments Co. Ltd. boosted its stake 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 purchasing an additional 1,291 shares in the last quarter. Triasima Portfolio Management inc. boosted its stake in Banco de Chile by 49.6% during the 4th 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 last quarter. Baillie Gifford & Co. boosted its stake in Banco de Chile by 23.6% during the 4th quarter. Baillie Gifford & Co. now owns 3,236,373 shares of the bank's stock valued at $73,401,000 after purchasing an additional 618,891 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in Banco de Chile during the 4th quarter valued at $4,033,000. Finally, Truxt Investmentos Ltda. purchased a new stake in Banco de Chile during the 4th quarter valued at $1,169,000. Institutional investors own 1.24% of the company's stock.
Banco de Chile Stock Performance
BCH traded down $0.23 during midday trading on Friday, hitting $30.19. 22,498 shares of the company traded hands, compared to its average volume of 231,353. 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 firm has a market capitalization of $15.25 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 6.08 and a beta of 0.26. The company's 50-day moving average is $29.12 and its 200 day moving average is $26.21. Banco de Chile has a 52 week low of $22.06 and a 52 week high of $31.84.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Banco de Chile from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd.
Check Out Our Latest Research Report on Banco de Chile
Banco de Chile Profile
(
Free Report)
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.
Featured Articles
Before you consider Banco de Chile, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banco de Chile wasn't on the list.
While Banco de Chile currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
