Mackenzie Financial Corp Acquires 18,800 Shares of Banco de Chile (NYSE:BCH)

Mackenzie Financial Corp increased its stake in shares of Banco de Chile (NYSE:BCH - Free Report) by 169.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,891 shares of the bank's stock after buying an additional 18,800 shares during the quarter. Mackenzie Financial Corp's holdings in Banco de Chile were worth $678,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Baillie Gifford & Co. raised its position in shares of 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 acquiring an additional 618,891 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new position in shares of Banco de Chile during the fourth quarter worth about $11,494,000. Truffle Hound Capital LLC acquired a new position in Banco de Chile during the fourth quarter valued at approximately $4,536,000. Alberta Investment Management Corp acquired a new stake in shares of Banco de Chile in the fourth quarter valued at approximately $4,033,000. Finally, Wellington Management Group LLP acquired a new stake in Banco de Chile during the 4th quarter worth approximately $4,033,000. 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 note on Friday, May 2nd.

Banco de Chile Stock Up 0.8%

BCH stock traded up $0.25 during trading on Thursday, reaching $30.40. 232,918 shares of the stock were exchanged, compared to its average volume of 232,164. Banco de Chile has a twelve month low of $22.06 and a twelve month high of $31.84. The company has a current ratio of 1.51, a quick ratio of 1.52 and a debt-to-equity ratio of 1.92. The firm's 50 day moving average is $29.12 and its 200 day moving average is $26.21. The firm has a market cap of $15.35 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 6.08 and a beta of 0.24.

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.