Baillie Gifford & Co. Has $66.25 Million Stock Holdings in Banco de Chile (NYSE:BCH)

Baillie Gifford & Co. trimmed its holdings in shares of Banco de Chile (NYSE:BCH) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,617,482 shares of the bank’s stock after selling 54,297 shares during the quarter. Baillie Gifford & Co.’s holdings in Banco de Chile were worth $66,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Banco de Chile in the third quarter worth $36,000. Blue Trust Inc. lifted its holdings in Banco de Chile by 629.3% during the 2nd quarter. Blue Trust Inc. now owns 6,564 shares of the bank’s stock worth $146,000 after buying an additional 5,664 shares during the period. Creative Planning bought a new stake in shares of Banco de Chile in the 3rd quarter valued at about $225,000. Liontrust Investment Partners LLP acquired a new stake in shares of Banco de Chile in the second quarter valued at about $294,000. Finally, Freestone Capital Holdings LLC bought a new position in shares of Banco de Chile during the first quarter worth about $312,000. 1.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded Banco de Chile from a “sell” rating to a “hold” rating in a report on Friday, July 19th.

Banco de Chile Price Performance

Shares of NYSE BCH opened at $23.12 on Wednesday. The company has a market capitalization of $11.68 billion, a PE ratio of 8.29 and a beta of 0.42. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.99. Banco de Chile has a twelve month low of $20.32 and a twelve month high of $25.97. The firm has a fifty day simple moving average of $24.35 and a 200 day simple moving average of $23.96.

Banco de Chile (NYSE:BCH) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.03). The business had revenue of $980.10 million for the quarter, compared to analyst estimates of $796.96 million. Banco de Chile had a return on equity of 22.69% and a net margin of 30.00%. On average, sell-side analysts forecast that Banco de Chile will post 2.51 EPS for the current year.

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.