Nomura Asset Management Co. Ltd. Grows Position in Bancolombia SA (CIB)

Nomura Asset Management Co. Ltd. boosted its position in shares of Bancolombia SA (NYSE:CIB) by 14.0% in the fourth quarter, Holdings Channel reports. The firm owned 7,551 shares of the bank’s stock after purchasing an additional 930 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Bancolombia were worth $288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Bancolombia by 617.5% during the second quarter. Bank of New York Mellon Corp now owns 116,283 shares of the bank’s stock valued at $5,556,000 after acquiring an additional 100,077 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Bancolombia by 14.0% during the third quarter. Crossmark Global Holdings Inc. now owns 16,168 shares of the bank’s stock valued at $675,000 after purchasing an additional 1,980 shares in the last quarter. BlackRock Inc. boosted its holdings in Bancolombia by 36.5% during the third quarter. BlackRock Inc. now owns 1,737,961 shares of the bank’s stock valued at $72,509,000 after purchasing an additional 464,691 shares in the last quarter. Credit Suisse AG boosted its holdings in Bancolombia by 24.3% during the third quarter. Credit Suisse AG now owns 183,179 shares of the bank’s stock valued at $7,643,000 after purchasing an additional 35,820 shares in the last quarter. Finally, Carillon Tower Advisers Inc. boosted its holdings in Bancolombia by 4.5% during the third quarter. Carillon Tower Advisers Inc. now owns 346,990 shares of the bank’s stock valued at $14,476,000 after purchasing an additional 14,847 shares in the last quarter. 6.40% of the stock is owned by hedge funds and other institutional investors.

NYSE CIB opened at $52.76 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.12 and a current ratio of 1.11. The company has a market cap of $12.51 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 0.97 and a beta of 0.66. Bancolombia SA has a 1-year low of $35.52 and a 1-year high of $53.01.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Bancolombia from a “hold” rating to a “sell” rating in a report on Monday, December 17th. ValuEngine raised Bancolombia from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th. JPMorgan Chase & Co. raised Bancolombia from an “underweight” rating to a “neutral” rating in a report on Monday, February 25th. Finally, Bank of America raised Bancolombia from a “neutral” rating to a “buy” rating in a report on Tuesday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $51.00.

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About Bancolombia

Bancolombia SA provides various banking products and services to individual, corporate, and government customers in Colombia, Latin America, and the Caribbean region. The company operates in nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, Off Shore, and All Other.

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Want to see what other hedge funds are holding CIB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bancolombia SA (NYSE:CIB).

Institutional Ownership by Quarter for Bancolombia (NYSE:CIB)

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