Dimensional Fund Advisors LP decreased its position in shares of BanColombia S.A. (NYSE:CIB) by 13.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 594,581 shares of the bank’s stock after selling 88,509 shares during the period. Dimensional Fund Advisors LP owned 0.25% of BanColombia worth $23,716,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in CIB. Huntington National Bank increased its position in BanColombia by 12.7% in the first quarter. Huntington National Bank now owns 3,235 shares of the bank’s stock worth $129,000 after buying an additional 365 shares in the last quarter. Advisors Preferred LLC purchased a new stake in shares of BanColombia during the first quarter valued at $140,000. Teza Capital Management LLC purchased a new stake in shares of BanColombia during the first quarter valued at $204,000. Comerica Bank increased its stake in shares of BanColombia by 1.3% in the first quarter. Comerica Bank now owns 6,480 shares of the bank’s stock valued at $252,000 after buying an additional 85 shares during the period. Finally, World Asset Management Inc increased its stake in shares of BanColombia by 0.8% in the first quarter. World Asset Management Inc now owns 7,031 shares of the bank’s stock valued at $280,000 after buying an additional 53 shares during the period. Hedge funds and other institutional investors own 15.94% of the company’s stock.
Shares of BanColombia S.A. (CIB) opened at 44.05 on Friday. BanColombia S.A. has a 12 month low of $31.98 and a 12 month high of $47.19. The firm has a market cap of $10.59 billion, a price-to-earnings ratio of 10.71 and a beta of 0.32. The stock has a 50 day moving average of $44.02 and a 200 day moving average of $41.53.
CIB has been the subject of several research reports. Standpoint Research downgraded shares of BanColombia from a “buy” rating to a “hold” rating in a research note on Monday, May 22nd. Credit Suisse Group set a $45.00 price objective on shares of BanColombia and gave the stock a “hold” rating in a research note on Wednesday, May 24th. J P Morgan Chase & Co reissued a “neutral” rating and set a $41.00 target price (down previously from $42.00) on shares of BanColombia in a report on Monday, June 5th. Zacks Investment Research cut shares of BanColombia from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Finally, BidaskClub cut shares of BanColombia from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $45.50.
BanColombia Company Profile
Bancolombia SA (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other.
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