177,827 Shares in Banco de Chile (NYSE:BCH) Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp bought a new position in shares of Banco de Chile (NYSE:BCH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 177,827 shares of the bank’s stock, valued at approximately $4,033,000.

Other large investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. raised its position in shares of Banco de Chile by 23.6% during the 4th quarter. Baillie Gifford & Co. now owns 3,236,373 shares of the bank’s stock valued at $73,401,000 after purchasing an additional 618,891 shares during the period. FMR LLC increased its stake in Banco de Chile by 1.8% in the 3rd quarter. FMR LLC now owns 858,889 shares of the bank’s stock worth $21,738,000 after buying an additional 15,312 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Banco de Chile by 8.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 379,938 shares of the bank’s stock worth $9,616,000 after buying an additional 28,959 shares in the last quarter. State Street Corp raised its holdings in Banco de Chile by 293.4% during the third quarter. State Street Corp now owns 128,448 shares of the bank’s stock valued at $3,251,000 after acquiring an additional 95,797 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Banco de Chile in the third quarter valued at about $2,411,000. Hedge funds and other institutional investors own 1.24% of the company’s stock.

Banco de Chile Stock Performance

Shares of NYSE BCH opened at $26.63 on Friday. The company has a market cap of $13.45 billion, a P/E ratio of 10.61, a P/E/G ratio of 6.08 and a beta of 0.44. Banco de Chile has a 52-week low of $20.93 and a 52-week high of $26.96. 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’s fifty day moving average is $23.99 and its two-hundred day moving average is $24.09.

Wall Street Analyst Weigh In

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

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.