UBS Group upgraded shares of Bancolombia (NYSE:CIB) from a sell rating to a hold rating in a research note released on Monday morning.
Other equities analysts also recently issued reports about the stock. Deutsche Bank downgraded shares of Bancolombia from a buy rating to a hold rating and decreased their price target for the stock from $52.00 to $45.00 in a research note on Friday, October 27th. Zacks Investment Research raised shares of Bancolombia from a sell rating to a hold rating in a research note on Friday. Finally, Citigroup downgraded shares of Bancolombia from a neutral rating to a sell rating in a research note on Tuesday, January 9th. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Bancolombia presently has an average rating of Hold and an average target price of $46.00.
Bancolombia (NYSE CIB) opened at $43.97 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $10,260.43, a PE ratio of 10.72, a PEG ratio of 2.33 and a beta of 0.46. Bancolombia has a 52 week low of $36.15 and a 52 week high of $48.74.
A number of hedge funds have recently modified their holdings of CIB. New York State Common Retirement Fund purchased a new position in Bancolombia during the second quarter worth about $4,424,000. Vanguard Group Inc. raised its stake in Bancolombia by 3.3% during the second quarter. Vanguard Group Inc. now owns 3,150,030 shares of the bank’s stock worth $140,334,000 after purchasing an additional 99,894 shares during the period. Advisor Group Inc. raised its stake in Bancolombia by 1.6% during the second quarter. Advisor Group Inc. now owns 3,227 shares of the bank’s stock worth $144,000 after purchasing an additional 52 shares during the period. Dimensional Fund Advisors LP raised its stake in Bancolombia by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 640,192 shares of the bank’s stock worth $28,529,000 after purchasing an additional 45,611 shares during the period. Finally, Voya Investment Management LLC raised its stake in Bancolombia by 15.9% during the second quarter. Voya Investment Management LLC now owns 15,831 shares of the bank’s stock worth $705,000 after purchasing an additional 2,173 shares during the period. 13.18% of the stock is currently owned by institutional investors.
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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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