Stevens Capital Management LP acquired a new position in shares of Bancolombia SA (NYSE:CIB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,151 shares of the bank’s stock, valued at approximately $419,000.
Several other hedge funds and other institutional investors have also bought and sold shares of CIB. Advisor Group Inc. increased its stake in Bancolombia by 1.6% during 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 period. Pinebridge Investments L.P. bought a new position in Bancolombia during the second quarter valued at about $223,000. First Trust Advisors LP bought a new position in Bancolombia during the third quarter valued at about $230,000. High Pointe Capital Management LLC bought a new position in Bancolombia during the second quarter valued at about $228,000. Finally, Eqis Capital Management Inc. bought a new position in Bancolombia during the second quarter valued at about $267,000. 13.33% of the stock is owned by institutional investors and hedge funds.
CIB has been the topic of several research reports. Deutsche Bank lowered 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 research note on Friday, October 27th. Zacks Investment Research lowered Bancolombia from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. J P Morgan Chase & Co lowered Bancolombia from a “neutral” rating to an “underweight” rating and set a $41.00 price objective on the stock. in a research note on Wednesday, October 4th. Finally, Santander lowered Bancolombia from a “hold” rating to an “underperform” rating in a research note on Wednesday, September 20th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $46.00.
Bancolombia SA (NYSE CIB) traded down $0.20 during mid-day trading on Monday, hitting $38.29. The stock had a trading volume of 401,109 shares, compared to its average volume of 370,810. Bancolombia SA has a 52 week low of $34.72 and a 52 week high of $48.74. The company has a market cap of $9,255.19, a price-to-earnings ratio of 9.67, a P/E/G ratio of 2.27 and a beta of 0.34. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.11.
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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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