Alberta Investment Management Corp Acquires New Shares in Banco de Chile (NYSE:BCH)

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

Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Banco de Chile in the third quarter worth approximately $36,000. R Squared Ltd purchased a new stake in Banco de Chile in the fourth quarter worth approximately $94,000. Mirae Asset Global Investments Co. Ltd. grew its position in Banco de Chile by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,416 shares of the bank’s stock worth $100,000 after purchasing an additional 1,291 shares during the period. Creative Planning purchased a new stake in Banco de Chile during the 3rd quarter valued at $225,000. Finally, Quantinno Capital Management LP bought a new position in shares of Banco de Chile during the 3rd quarter valued at $261,000. Hedge funds and other institutional investors own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on BCH shares. StockNews.com raised Banco de Chile from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. JPMorgan Chase & Co. boosted their price target on 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 1.2 %

BCH opened at $26.63 on Friday. The firm’s 50 day simple moving average is $23.99 and its two-hundred day simple moving average is $24.09. The company has a market capitalization of $13.45 billion, a PE ratio of 10.61, a PEG ratio of 6.08 and a beta of 0.44. Banco de Chile has a 1-year low of $20.93 and a 1-year high of $26.96. The company has a current ratio of 1.51, a quick ratio of 1.52 and a debt-to-equity ratio of 1.92.

About Banco de Chile

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.