Moneda S.A. Administradora General de Fondos Invests $2.22 Million in Bancolombia S.A. (NYSE:CIB)

Moneda S.A. Administradora General de Fondos acquired a new position in shares of Bancolombia S.A. (NYSE:CIB) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 70,376 shares of the bank’s stock, valued at approximately $2,218,000. Bancolombia accounts for approximately 2.3% of Moneda S.A. Administradora General de Fondos’ investment portfolio, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE lifted its position in shares of Bancolombia by 5.9% during the 4th quarter. US Bancorp DE now owns 5,594 shares of the bank’s stock valued at $176,000 after buying an additional 312 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Bancolombia by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank’s stock valued at $72,000 after buying an additional 657 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Bancolombia by 6.5% during the 4th quarter. Ballentine Partners LLC now owns 11,209 shares of the bank’s stock valued at $353,000 after buying an additional 680 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Bancolombia during the 3rd quarter valued at approximately $27,000. Finally, Measured Wealth Private Client Group LLC lifted its position in shares of Bancolombia by 13.4% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 8,848 shares of the bank’s stock valued at $279,000 after buying an additional 1,048 shares in the last quarter.

Bancolombia Trading Down 2.1 %

Shares of CIB stock opened at $40.83 on Tuesday. The stock’s fifty day moving average is $36.55 and its two-hundred day moving average is $33.84. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.05. The firm has a market capitalization of $9.82 billion, a P/E ratio of 6.48, a PEG ratio of 2.47 and a beta of 1.22. Bancolombia S.A. has a fifty-two week low of $30.25 and a fifty-two week high of $44.25.

Bancolombia (NYSE:CIB) last announced its quarterly earnings data on Thursday, February 20th. The bank reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.22. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.41 billion. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. Research analysts expect that Bancolombia S.A. will post 6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CIB has been the topic of a number of recent analyst reports. Morgan Stanley upgraded Bancolombia from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $40.00 to $53.00 in a research report on Tuesday, January 28th. The Goldman Sachs Group increased 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 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.