Banco de Chile (NYSE:BCH) Stake Increased by Baillie Gifford & Co.

Baillie Gifford & Co. increased its stake in Banco de Chile (NYSE:BCH) by 23.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,236,373 shares of the bank’s stock after buying an additional 618,891 shares during the period. Baillie Gifford & Co.’s holdings in Banco de Chile were worth $73,401,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BCH. Allspring Global Investments Holdings LLC bought a new stake in shares of Banco de Chile in the third quarter worth $36,000. R Squared Ltd bought a new stake in shares of Banco de Chile in the fourth quarter worth $94,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Banco de Chile by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank’s stock worth $100,000 after buying an additional 1,291 shares during the last quarter. Creative Planning bought a new stake in shares of Banco de Chile in the third quarter worth $225,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Banco de Chile in the third quarter worth $261,000. Institutional investors own 1.24% of the company’s stock.

Analyst Ratings Changes

BCH has been the subject of several recent research reports. StockNews.com upgraded shares of Banco de Chile from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. JPMorgan Chase & Co. boosted their target price on shares of Banco de Chile from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, January 24th.

Banco de Chile Stock Up 2.0 %

BCH stock opened at $26.81 on Tuesday. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.52 and a quick ratio of 1.52. Banco de Chile has a 1-year low of $20.93 and a 1-year high of $26.96. The firm has a fifty day moving average price of $23.81 and a two-hundred day moving average price of $24.03. The firm has a market cap of $13.54 billion, a price-to-earnings ratio of 9.61 and a beta of 0.44.

Banco de Chile Company Profile

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.