Banco De Chile $BCH Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. trimmed its position in shares of Banco De Chile (NYSE:BCH) by 74.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 936,039 shares of the bank’s stock after selling 2,713,881 shares during the quarter. Baillie Gifford & Co. owned 0.19% of Banco De Chile worth $28,362,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BCH. Goldman Sachs Group Inc. lifted its position in shares of Banco De Chile by 53.8% during the first quarter. Goldman Sachs Group Inc. now owns 216,950 shares of the bank’s stock worth $5,747,000 after purchasing an additional 75,924 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Banco De Chile by 1,355.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,231 shares of the bank’s stock worth $98,000 after buying an additional 3,009 shares during the period. Ballentine Partners LLC acquired a new stake in Banco De Chile during the 2nd quarter worth approximately $223,000. Public Employees Retirement System of Ohio lifted its holdings in Banco De Chile by 11.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 35,327 shares of the bank’s stock worth $1,075,000 after buying an additional 3,552 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new position in Banco De Chile in the 2nd quarter valued at approximately $3,454,000. 1.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BCH shares. Zacks Research lowered Banco De Chile from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. JPMorgan Chase & Co. boosted their target price on Banco De Chile from $33.00 to $36.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Wall Street Zen lowered Banco De Chile from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco De Chile in a research note on Wednesday. Finally, The Goldman Sachs Group lowered shares of Banco De Chile from a “hold” rating to a “sell” rating and set a $36.00 target price on the stock. in a research note on Tuesday, January 13th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $36.00.

Banco De Chile Stock Performance

BCH stock opened at $43.14 on Friday. The business has a 50 day moving average price of $38.58 and a 200 day moving average price of $33.39. Banco De Chile has a fifty-two week low of $23.66 and a fifty-two week high of $43.23. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.53 and a current ratio of 1.53.

Banco De Chile (NYSE:BCH) last issued its quarterly earnings data on Thursday, October 30th. The bank reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). The business had revenue of $764.93 million for the quarter, compared to analysts’ expectations of $831.97 million. Banco De Chile had a return on equity of 23.25% and a net margin of 32.87%. As a group, research analysts predict that Banco De Chile will post 2.31 EPS for the current fiscal year.

Banco De Chile Company Profile

Banco de Chile (NYSE: BCH) is a leading Chilean financial institution headquartered in Santiago. Founded in 1893, the bank is one of the country’s oldest and most established banking groups, serving a broad spectrum of individual, corporate and institutional clients. It is publicly listed and operates under Chilean banking regulations while participating in international capital markets.

The bank’s core businesses include retail banking, commercial and corporate banking, and investment banking.