Crossmark Global Holdings Inc. lowered its stake in shares of Bancolombia SA (NYSE:CIB) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,778 shares of the bank’s stock after selling 390 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Bancolombia were worth $601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in CIB. Bank of New York Mellon Corp lifted its stake in Bancolombia by 617.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 116,283 shares of the bank’s stock worth $5,556,000 after acquiring an additional 100,077 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in Bancolombia by 41.9% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 68,376 shares of the bank’s stock worth $2,852,000 after acquiring an additional 20,195 shares in the last quarter. Scout Investments Inc. lifted its stake in Bancolombia by 4.6% in the 3rd quarter. Scout Investments Inc. now owns 493,086 shares of the bank’s stock worth $20,572,000 after acquiring an additional 21,790 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake in Bancolombia by 51.6% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 134,380 shares of the bank’s stock worth $5,606,000 after acquiring an additional 45,720 shares in the last quarter. Finally, Barings LLC lifted its stake in Bancolombia by 10.1% in the 3rd quarter. Barings LLC now owns 482,821 shares of the bank’s stock worth $20,143,000 after acquiring an additional 44,416 shares in the last quarter. Institutional investors own 6.86% of the company’s stock.
Shares of Bancolombia stock opened at $44.91 on Thursday. The stock has a market capitalization of $11.10 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 0.96 and a beta of 0.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.12 and a quick ratio of 1.12. Bancolombia SA has a 1 year low of $35.52 and a 1 year high of $51.38.
Several equities research analysts recently issued reports on the company. Santander downgraded Bancolombia from a “hold” rating to an “underperform” rating in a research note on Monday, November 19th. Zacks Investment Research raised Bancolombia from a “sell” rating to a “hold” rating in a research note on Tuesday, November 13th. ValuEngine raised Bancolombia from a “sell” rating to a “hold” rating in a research note on Wednesday, December 26th. Finally, Bank of America raised Bancolombia from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $46.00.
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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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