Wellington Management Group LLP acquired a new position in shares of Banco de Chile (NYSE:BCH - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 177,827 shares of the bank's stock, valued at approximately $4,033,000.
A number of other large investors have also recently made changes to their positions in the stock. Baillie Gifford & Co. raised its position in Banco de Chile by 23.6% during the 4th quarter. Baillie Gifford & Co. now owns 3,236,373 shares of the bank's stock worth $73,401,000 after buying an additional 618,891 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in shares of Banco de Chile in the 4th quarter valued at $11,494,000. Truffle Hound Capital LLC acquired a new stake in shares of Banco de Chile in the fourth quarter worth $4,536,000. Alberta Investment Management Corp acquired a new stake in shares of Banco de Chile in the fourth quarter worth $4,033,000. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Banco de Chile by 863.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 132,991 shares of the bank's stock worth $3,016,000 after purchasing an additional 119,187 shares during the last quarter. 1.24% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Banco de Chile from a "sell" rating to a "hold" rating in a report on Friday, May 2nd.
Read Our Latest Research Report on Banco de Chile
Banco de Chile Stock Performance
Banco de Chile stock traded down $0.03 during midday trading on Friday, hitting $30.39. 199,712 shares of the company were exchanged, compared to its average volume of 232,060. The business has a fifty day simple moving average of $29.19 and a two-hundred day simple moving average of $26.30. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.52 and a current ratio of 1.51. The firm has a market capitalization of $15.35 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 6.08 and a beta of 0.26. Banco de Chile has a fifty-two week low of $22.06 and a fifty-two week high of $31.84.
Banco de Chile Profile
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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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