BT Investment Management Ltd trimmed its holdings in BanColombia S.A. (NYSE:CIB) by 32.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 264,772 shares of the bank’s stock after selling 127,146 shares during the quarter. BT Investment Management Ltd owned 0.11% of BanColombia worth $12,124,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Advisor Group Inc. lifted its holdings in BanColombia by 1.6% in the 2nd quarter. Advisor Group Inc. now owns 3,227 shares of the bank’s stock valued at $144,000 after acquiring an additional 52 shares during the last quarter. Pinebridge Investments L.P. acquired a new stake in BanColombia in the 2nd quarter valued at about $223,000. Nomura Asset Management Co. Ltd. lifted its holdings in BanColombia by 5.8% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 5,021 shares of the bank’s stock valued at $200,000 after acquiring an additional 275 shares during the last quarter. First Trust Advisors LP acquired a new stake in BanColombia in the 3rd quarter valued at about $230,000. Finally, High Pointe Capital Management LLC purchased a new stake in BanColombia during the second quarter valued at about $228,000. 14.88% of the stock is owned by institutional investors.
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A number of analysts have commented on CIB shares. Zacks Investment Research raised shares of BanColombia from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Tuesday, August 15th. HSBC Holdings plc lowered shares of BanColombia from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. J P Morgan Chase & Co lowered shares of BanColombia from a “neutral” rating to an “underweight” rating and set a $41.00 price objective for the company. in a research note on Wednesday, October 4th. Santander lowered shares of BanColombia from a “hold” rating to an “underperform” rating in a research note on Wednesday, September 20th. Finally, Deutsche Bank AG lowered shares of BanColombia from a “buy” rating to a “hold” rating and reduced their price objective for the company from $52.00 to $45.00 in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $46.00.
Shares of BanColombia S.A. (NYSE:CIB) traded down $0.34 on Monday, hitting $36.65. The stock had a trading volume of 5,833 shares, compared to its average volume of 552,064. The firm has a market cap of $8,894.50, a P/E ratio of 9.29, a price-to-earnings-growth ratio of 1.51 and a beta of 0.33. BanColombia S.A. has a one year low of $31.98 and a one year high of $48.74. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.83.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Thursday, September 28th were issued a $0.3278 dividend. This is an increase from BanColombia’s previous quarterly dividend of $0.33. The ex-dividend date was Wednesday, September 27th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.58%. BanColombia’s dividend payout ratio is currently 30.26%.
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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