Banco de Chile (NYSE:BCH) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its stake in shares of Banco de Chile (NYSE:BCH - Free Report) by 43.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,124 shares of the bank's stock after selling 21,514 shares during the quarter. Millennium Management LLC's holdings in Banco de Chile were worth $638,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Banco de Chile by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank's stock worth $100,000 after buying an additional 1,291 shares in the last quarter. Triasima Portfolio Management inc. boosted 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 worth $390,000 after buying an additional 5,700 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in Banco de Chile by 23.6% during the fourth quarter. Baillie Gifford & Co. now owns 3,236,373 shares of the bank's stock worth $73,401,000 after buying an additional 618,891 shares in the last quarter. Alberta Investment Management Corp bought a new stake in Banco de Chile during the fourth quarter worth approximately $4,033,000. Finally, Truxt Investmentos Ltda. bought a new stake in Banco de Chile during the fourth quarter worth approximately $1,169,000. Institutional investors and hedge funds own 1.24% of the company's stock.

Analyst Upgrades and Downgrades

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

Banco de Chile Trading Down 0.1%

Shares of NYSE:BCH opened at $30.39 on Friday. The stock has a market capitalization of $15.35 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 6.08 and a beta of 0.26. Banco de Chile has a 1-year low of $22.06 and a 1-year high of $31.84. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.52 and a current ratio of 1.51. The company has a 50 day moving average price of $29.19 and a 200 day moving average price of $26.28.

About Banco de Chile

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.

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