Wellington Management Group LLP acquired a new position in shares of Banco de Chile (NYSE:BCH - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 177,827 shares of the bank's stock, valued at approximately $4,033,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans purchased a new position in shares of Banco de Chile during the fourth quarter valued at $836,000. Triasima Portfolio Management inc. increased its holdings in Banco de Chile by 49.6% in the fourth 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 last quarter. Raymond James Financial Inc. bought a new position in shares of Banco de Chile during the 4th quarter valued at $300,000. Truffle Hound Capital LLC acquired a new stake in shares of Banco de Chile in the fourth quarter worth about $4,536,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Banco de Chile by 1.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 530,363 shares of the bank's stock valued at $12,029,000 after acquiring an additional 7,749 shares in the last quarter. 1.24% of the stock is currently owned by hedge funds and other institutional investors.
Banco de Chile Price Performance
BCH stock traded down $0.03 during trading on Friday, hitting $30.39. The company had a trading volume of 199,712 shares, compared to its average volume of 232,035. The company has a fifty day moving average price of $29.12 and a two-hundred day moving average price of $26.21. Banco de Chile has a fifty-two week low of $22.06 and a fifty-two week high of $31.84. The company 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. The company has a current ratio of 1.51, a quick ratio of 1.52 and a debt-to-equity ratio of 1.92.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Banco de Chile from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd.
Read Our Latest Stock Report on Banco de Chile
Banco de Chile Profile
(
Free Report)
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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