Marathon Asset Management LLP boosted its stake in shares of BanColombia S.A. (NYSE:CIB) by 2.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 583,059 shares of the bank’s stock after purchasing an additional 14,090 shares during the period. Marathon Asset Management LLP owned about 0.24% of BanColombia worth $26,890,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in CIB. Advisor Group Inc. lifted its stake in BanColombia by 1.6% in the second 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. Comerica Bank lifted 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 worth $252,000 after buying an additional 85 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of BanColombia by 5.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 5,021 shares of the bank’s stock worth $200,000 after buying an additional 275 shares during the last quarter. Boston Common Asset Management LLC lifted its stake in shares of BanColombia by 4.5% in the second quarter. Boston Common Asset Management LLC now owns 7,840 shares of the bank’s stock worth $349,000 after buying an additional 335 shares during the last quarter. Finally, Wetherby Asset Management Inc. lifted its stake in shares of BanColombia by 13.1% in the second quarter. Wetherby Asset Management Inc. now owns 9,372 shares of the bank’s stock worth $418,000 after buying an additional 1,082 shares during the last quarter. 14.88% of the stock is currently owned by hedge funds and other institutional investors.
CIB has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of BanColombia from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Tuesday, August 15th. BidaskClub cut shares of BanColombia from a “strong-buy” rating to a “buy” rating in a research note 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. Finally, Deutsche Bank AG lowered shares of BanColombia from a “buy” rating to a “hold” rating and lowered their price target for the company from $52.00 to $45.00 in a report on Friday, October 27th. Three 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. BanColombia has an average rating of “Hold” and an average target price 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 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 52 week low of $31.98 and a 52 week high of $48.74. The firm has a market cap of $9,150.00, a P/E ratio of 9.76, a PEG ratio of 1.69 and a beta of 0.34.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Thursday, September 28th were given a dividend of $0.3278 per share. The ex-dividend date of this dividend was Wednesday, September 27th. This is an increase from BanColombia’s previous quarterly dividend of $0.33. This represents a $1.31 dividend on an annualized basis and a yield of 3.39%. BanColombia’s dividend payout ratio is presently 33.33%.
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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