Moneda S.A. Administradora General de Fondos Makes New Investment in Bancolombia S.A. (NYSE:CIB)

Moneda S.A. Administradora General de Fondos bought a new position in Bancolombia S.A. (NYSE:CIB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 70,376 shares of the bank’s stock, valued at approximately $2,218,000. Bancolombia makes up approximately 2.3% of Moneda S.A. Administradora General de Fondos’ investment portfolio, making the stock its 10th biggest position.

Other large investors have also added to or reduced their stakes in the company. US Bancorp DE grew its stake in shares of Bancolombia by 5.9% during the fourth quarter. US Bancorp DE now owns 5,594 shares of the bank’s stock worth $176,000 after acquiring an additional 312 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Bancolombia by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank’s stock worth $72,000 after acquiring an additional 657 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of Bancolombia by 6.5% during the fourth quarter. Ballentine Partners LLC now owns 11,209 shares of the bank’s stock worth $353,000 after acquiring an additional 680 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Bancolombia during the third quarter worth about $27,000. Finally, Measured Wealth Private Client Group LLC grew its stake in shares of Bancolombia by 13.4% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 8,848 shares of the bank’s stock worth $279,000 after acquiring an additional 1,048 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CIB shares. Morgan Stanley upgraded Bancolombia from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $40.00 to $53.00 in a research note on Tuesday, January 28th. The Goldman Sachs Group upped their target price on Bancolombia from $31.00 to $35.00 and gave the company a “sell” rating in a research report on Monday, February 24th.

Bancolombia Price Performance

Shares of NYSE:CIB opened at $40.83 on Tuesday. Bancolombia S.A. has a twelve month low of $30.25 and a twelve month high of $44.25. The company’s 50 day moving average is $36.55 and its 200 day moving average is $33.84. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. The company has a market cap of $9.82 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 2.47 and a beta of 1.22.

Bancolombia (NYSE:CIB) last issued its quarterly earnings results on Thursday, February 20th. The bank reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.22. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.41 billion. On average, sell-side analysts forecast that Bancolombia S.A. will post 6 EPS for the current year.

Bancolombia Company Profile

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.