Bessemer Group Inc. Increases Stock Holdings in Banco De Chile (NYSE:BCH)

Bessemer Group Inc. increased its position in Banco De Chile (NYSE:BCH - Free Report) by 3.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 401,760 shares of the bank's stock after buying an additional 12,599 shares during the quarter. Bessemer Group Inc. owned 0.08% of Banco De Chile worth $10,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BCH. Signaturefd LLC boosted its stake in shares of Banco De Chile by 14.5% during the fourth quarter. Signaturefd LLC now owns 3,903 shares of the bank's stock valued at $89,000 after purchasing an additional 493 shares during the period. Atlas Capital Advisors Inc. boosted its stake in shares of Banco De Chile by 30.7% during the fourth quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank's stock valued at $143,000 after purchasing an additional 1,487 shares during the period. Raiffeisen Bank International AG purchased a new stake in shares of Banco De Chile during the fourth quarter valued at approximately $151,000. Parallel Advisors LLC boosted its stake in shares of Banco De Chile by 33.2% during the first quarter. Parallel Advisors LLC now owns 5,713 shares of the bank's stock valued at $151,000 after purchasing an additional 1,424 shares during the period. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Banco De Chile during the fourth quarter valued at approximately $184,000. Institutional investors own 1.24% of the company's stock.

Analyst Ratings Changes

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

Banco De Chile Trading Down 0.3%

BCH stock traded down $0.09 on Friday, reaching $29.63. The company's stock had a trading volume of 169,194 shares, compared to its average volume of 235,743. The business has a fifty day simple moving average of $30.23 and a two-hundred day simple moving average of $26.92. Banco De Chile has a 12-month low of $22.06 and a 12-month high of $31.84. The firm has a market cap of $14.96 billion, a PE ratio of 10.36, a PEG ratio of 6.18 and a beta of 0.26. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.48 and a current ratio of 1.48.

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.