Public Employees Retirement System of Ohio Makes New $1.32 Million Investment in Banco de Chile (NYSE:BCH)

Public Employees Retirement System of Ohio acquired a new stake in shares of Banco de Chile (NYSE:BCH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 58,009 shares of the bank's stock, valued at approximately $1,316,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans acquired a new position in Banco de Chile in the 4th quarter worth approximately $836,000. Triasima Portfolio Management inc. increased its holdings in Banco de Chile by 49.6% in the 4th 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 during the period. Raymond James Financial Inc. acquired a new position in Banco de Chile in the 4th quarter worth approximately $300,000. Truffle Hound Capital LLC acquired a new position in Banco de Chile in the 4th quarter worth approximately $4,536,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Banco de Chile by 1.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 530,363 shares of the bank's stock worth $12,029,000 after buying an additional 7,749 shares during the period. Institutional investors and hedge funds own 1.24% of the company's stock.

Banco de Chile Stock Performance

NYSE:BCH traded down $0.03 during midday trading on Friday, hitting $30.39. The company's stock had a trading volume of 199,712 shares, compared to its average volume of 232,174. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.51 and a quick ratio of 1.52. Banco de Chile has a fifty-two week low of $22.06 and a fifty-two week high of $31.84. The firm's 50 day moving average is $29.19 and its 200-day moving average is $26.26. The firm has a market cap of $15.35 billion, a P/E ratio of 12.11, a P/E/G ratio of 6.08 and a beta of 0.26.

Analysts Set New Price Targets

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.

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.