Nationwide Fund Advisors Reduces Holdings in BanColombia S.A. (NYSE:CIB)

Nationwide Fund Advisors trimmed its holdings in BanColombia S.A. (NYSE:CIB) by 88.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,800 shares of the bank’s stock after selling 155,200 shares during the period. Nationwide Fund Advisors’ holdings in BanColombia were worth $882,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Comerica Bank grew its stake in BanColombia by 1.3% in the 1st quarter. Comerica Bank now owns 6,480 shares of the bank’s stock valued at $252,000 after acquiring an additional 85 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of BanColombia by 5.8% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 5,021 shares of the bank’s stock worth $200,000 after purchasing an additional 275 shares during the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of BanColombia by 13.1% during the 2nd quarter. Wetherby Asset Management Inc. now owns 9,372 shares of the bank’s stock worth $418,000 after purchasing an additional 1,082 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of BanColombia by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 59,669 shares of the bank’s stock worth $2,658,000 after purchasing an additional 2,057 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in shares of BanColombia by 1.3% during the 2nd quarter. Aperio Group LLC now owns 219,650 shares of the bank’s stock worth $9,785,000 after purchasing an additional 2,803 shares during the last quarter. 14.88% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on CIB shares. BidaskClub cut shares of BanColombia from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. HSBC Holdings plc lowered shares of BanColombia from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Zacks Investment Research upgraded shares of BanColombia from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Tuesday, August 15th. Finally, Santander lowered shares of BanColombia from a “hold” rating to an “underperform” rating in a report on Wednesday, September 20th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $46.00.

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BanColombia S.A. (CIB) traded down $0.21 during trading on Friday, reaching $38.63. 262,600 shares of the company’s stock were exchanged, compared to its average volume of 369,348. The firm has a market capitalization of $9,150.00, a P/E ratio of 9.76, a PEG ratio of 1.69 and a beta of 0.34. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. BanColombia S.A. has a 1 year low of $31.98 and a 1 year high of $48.74.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Thursday, September 28th were issued a dividend of $0.3278 per share. This is an increase from BanColombia’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Wednesday, September 27th. This represents a $1.31 annualized dividend and a dividend yield of 3.39%. BanColombia’s payout ratio is 33.33%.

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.

Institutional Ownership by Quarter for BanColombia (NYSE:CIB)

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