UBS Asset Management Americas Inc. increased its holdings in Bancolombia SA (NYSE:CIB) by 5.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 180,521 shares of the bank’s stock after acquiring an additional 9,900 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Bancolombia were worth $9,214,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Bartlett & Co. LLC increased its holdings in shares of Bancolombia by 16.0% in the second quarter. Bartlett & Co. LLC now owns 1,450 shares of the bank’s stock valued at $74,000 after purchasing an additional 200 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Bancolombia by 167.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 621 shares of the bank’s stock valued at $32,000 after buying an additional 389 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in Bancolombia by 4.6% in the 2nd quarter. Wetherby Asset Management Inc. now owns 11,041 shares of the bank’s stock valued at $564,000 after buying an additional 485 shares during the last quarter. US Bancorp DE increased its stake in Bancolombia by 21.7% in the 2nd quarter. US Bancorp DE now owns 3,317 shares of the bank’s stock valued at $169,000 after buying an additional 592 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Bancolombia in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 7.59% of the company’s stock.
Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Bancolombia from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. upgraded shares of Bancolombia from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $48.00 to $55.00 in a research note on Tuesday, August 6th. ValuEngine lowered shares of Bancolombia from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. Finally, Credit Suisse Group upgraded shares of Bancolombia from an “underperform” rating to a “neutral” rating and set a $53.00 price objective on the stock in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $55.00.
Bancolombia (NYSE:CIB) last released its quarterly earnings data on Monday, August 5th. The bank reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.16. The company had revenue of $1.16 billion for the quarter. Bancolombia had a net margin of 15.98% and a return on equity of 13.40%. As a group, analysts expect that Bancolombia SA will post 4.05 EPS for the current year.
The company also recently disclosed a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.3248 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a dividend yield of 2.5%. Bancolombia’s dividend payout ratio is presently 37.36%.
Bancolombia Company Profile
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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