D. E. Shaw & Co. Inc. Buys 119,187 Shares of Banco de Chile (NYSE:BCH)

D. E. Shaw & Co. Inc. raised its position in Banco de Chile (NYSE:BCH - Free Report) by 863.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 132,991 shares of the bank's stock after purchasing an additional 119,187 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Banco de Chile were worth $3,016,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BCH. Baillie Gifford & Co. lifted its position in shares of 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 acquiring an additional 618,891 shares during the period. Truffle Hound Capital LLC acquired a new position in shares of Banco de Chile during the 4th quarter valued at $4,536,000. Alberta Investment Management Corp acquired a new position in shares of Banco de Chile during the 4th quarter valued at $4,033,000. Wellington Management Group LLP acquired a new position in shares of Banco de Chile during the 4th quarter valued at $4,033,000. Finally, Marshall Wace LLP lifted its position in shares of Banco de Chile by 36.2% during the 4th quarter. Marshall Wace LLP now owns 440,004 shares of the bank's stock valued at $9,979,000 after acquiring an additional 117,045 shares during the period. Institutional investors and hedge funds own 1.24% of the company's stock.

Banco de Chile Stock Up 0.5%

Shares of NYSE BCH traded up $0.15 during trading on Friday, hitting $31.05. The stock had a trading volume of 380,759 shares, compared to its average volume of 226,243. Banco de Chile has a 12 month low of $22.06 and a 12 month high of $31.84. 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 $15.68 billion, a PE ratio of 12.37, a PEG ratio of 6.08 and a beta of 0.24. The firm has a fifty day moving average of $28.51 and a two-hundred day moving average of $25.79.

Banco de Chile Announces Dividend

The company also recently declared an annual dividend, which was paid on Thursday, April 3rd. Investors of record on Friday, March 21st were issued a dividend of $2.1037 per share. This represents a yield of 5.1%. The ex-dividend date was Friday, March 21st. Banco de Chile's dividend payout ratio (DPR) is presently 54.90%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Banco de Chile from a "sell" rating to a "hold" rating in a research 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.