Greenleaf Trust Acquires New Stake in Bancolombia SA (CIB)

Greenleaf Trust acquired a new position in shares of Bancolombia SA (NYSE:CIB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,443 shares of the bank’s stock, valued at approximately $311,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vontobel Asset Management Inc. bought a new position in shares of Bancolombia in the second quarter worth about $200,840,000. Genesis Asset Managers LLP lifted its holdings in shares of Bancolombia by 68.8% in the second quarter. Genesis Asset Managers LLP now owns 1,752,186 shares of the bank’s stock worth $83,719,000 after acquiring an additional 714,062 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Bancolombia by 56.8% in the second quarter. BlackRock Inc. now owns 1,273,270 shares of the bank’s stock worth $60,836,000 after acquiring an additional 461,327 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Bancolombia by 1.6% in the second quarter. Northern Trust Corp now owns 978,082 shares of the bank’s stock worth $46,733,000 after acquiring an additional 15,318 shares during the last quarter. Finally, Marathon Asset Management LLP lifted its holdings in shares of Bancolombia by 18.5% in the second quarter. Marathon Asset Management LLP now owns 741,244 shares of the bank’s stock worth $35,682,000 after acquiring an additional 115,561 shares during the last quarter. 10.79% of the stock is owned by institutional investors and hedge funds.

CIB has been the subject of a number of research reports. Zacks Investment Research cut shares of Bancolombia from a “hold” rating to a “sell” rating in a report on Monday, August 13th. ValuEngine cut shares of Bancolombia from a “hold” rating to a “sell” rating in a report on Monday, August 20th. Finally, Citigroup raised shares of Bancolombia from a “sell” rating to a “neutral” rating in a report on Monday, August 27th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $46.00.

CIB stock opened at $38.93 on Friday. The stock has a market capitalization of $8.88 billion, a PE ratio of 10.49, a P/E/G ratio of 0.72 and a beta of 0.58. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.12 and a quick ratio of 1.12. Bancolombia SA has a 12 month low of $35.92 and a 12 month high of $51.38.

Bancolombia (NYSE:CIB) last posted its earnings results on Wednesday, August 1st. The bank reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.05). The company had revenue of $1.12 billion during the quarter. Bancolombia had a return on equity of 8.17% and a net margin of 10.82%. As a group, analysts anticipate that Bancolombia SA will post 3.58 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 11th. Stockholders of record on Thursday, September 27th were issued a $0.334 dividend. The ex-dividend date was Wednesday, September 26th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.43%. Bancolombia’s dividend payout ratio (DPR) is currently 37.09%.

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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Institutional Ownership by Quarter for Bancolombia (NYSE:CIB)

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