BNP Paribas Financial Markets Reduces Stock Position in Banco de Chile (NYSE:BCH)

BNP Paribas Financial Markets reduced its position in shares of Banco de Chile (NYSE:BCH - Free Report) by 94.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,145 shares of the bank's stock after selling 20,583 shares during the period. BNP Paribas Financial Markets' holdings in Banco de Chile were worth $26,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BCH. Signaturefd LLC increased its position 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 worth $89,000 after purchasing an additional 493 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Banco de Chile by 9.6% in the 4th quarter. Quadrant Capital Group LLC now owns 9,084 shares of the bank's stock valued at $206,000 after buying an additional 793 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Banco de Chile by 41.3% during 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 during the period. Atlas Capital Advisors Inc. lifted its stake in shares of Banco de Chile by 30.7% during the 4th 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 period. Finally, Jump Financial LLC lifted its stake in shares of Banco de Chile by 9.6% during the 4th quarter. Jump Financial LLC now owns 23,292 shares of the bank's stock worth $528,000 after purchasing an additional 2,031 shares during the period. 1.24% of the stock is currently owned by hedge funds and other institutional investors.

Banco de Chile Stock Up 0.8%

Shares of Banco de Chile stock opened at $30.40 on Friday. The business has a 50-day moving average of $29.12 and a 200-day moving average of $26.21. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.51 and a quick ratio of 1.52. The company has a market capitalization of $15.35 billion, a PE ratio of 12.11, a P/E/G ratio of 6.08 and a beta of 0.24. Banco de Chile has a 1-year low of $22.06 and a 1-year high of $31.84.

Wall Street Analyst Weigh In

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

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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