Baillie Gifford & Co. Sells 84,038 Shares of Banco De Chile (NYSE:BCH)

Key Points

• Baillie Gifford & Co. reduced its stake in Banco De Chile by 2.6%, selling 84,038 shares and now owning approximately 3.15 million shares worth $83.5 million.
• Banco De Chile was recently upgraded from a "sell" rating to a "hold" rating by Wall Street Zen.
• The stock opened at $27.63, with a market cap of $13.96 billion and a 12-month high of $31.84.

Baillie Gifford & Co. decreased its position in shares of Banco De Chile (NYSE:BCH - Free Report) by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,152,335 shares of the bank's stock after selling 84,038 shares during the quarter. Baillie Gifford & Co. owned 0.62% of Banco De Chile worth $83,505,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atlas Capital Advisors Inc. increased its stake in shares of Banco De Chile by 30.7% in the 4th quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank's stock valued at $143,000 after acquiring an additional 1,487 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in Banco De Chile during the 4th quarter worth $151,000. Parallel Advisors LLC boosted its holdings in shares of Banco De Chile by 33.2% in the 1st quarter. Parallel Advisors LLC now owns 5,713 shares of the bank's stock worth $151,000 after buying an additional 1,424 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Banco De Chile in the 4th quarter worth about $184,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Banco De Chile by 9.6% in the 4th quarter. Quadrant Capital Group LLC now owns 9,084 shares of the bank's stock worth $206,000 after buying an additional 793 shares during the last quarter. Institutional investors own 1.24% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Banco De Chile from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd.

Banco De Chile Trading Down 2.1%

Shares of NYSE:BCH traded down $0.59 during trading on Wednesday, reaching $27.58. 95,422 shares of the company traded hands, compared to its average volume of 299,745. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 9.64, a P/E/G ratio of 5.76 and a beta of 0.25. Banco De Chile has a 52-week low of $22.06 and a 52-week high of $31.84. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.09. The business's fifty day moving average is $29.64 and its 200-day moving average is $27.92.

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.