Nationwide Fund Advisors held its position in shares of Bancolombia SA (NYSE:CIB) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 170,000 shares of the company’s stock at the end of the second quarter. Nationwide Fund Advisors owned approximately 0.07% of Bancolombia SA worth $5,936,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Harding Loevner LP boosted its position in shares of Bancolombia SA by 30.1% in the second quarter. Harding Loevner LP now owns 3,634,184 shares of the company’s stock valued at $126,906,000 after buying an additional 841,700 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Bancolombia SA during the second quarter valued at $25,316,000. JPMorgan Chase & Co. boosted its position in shares of Bancolombia SA by 125.5% in the first quarter. JPMorgan Chase & Co. now owns 632,400 shares of the company’s stock valued at $21,615,000 after buying an additional 351,999 shares during the last quarter. Barclays PLC boosted its position in shares of Bancolombia SA by 6,713.8% in the first quarter. Barclays PLC now owns 291,153 shares of the company’s stock valued at $9,899,000 after buying an additional 286,880 shares during the last quarter. Finally, USS Investment Management Ltd bought a new position in shares of Bancolombia SA during the second quarter valued at $9,876,000. Institutional investors own 12.37% of the company’s stock.
Shares of Bancolombia SA (NYSE:CIB) traded up 1.19% during midday trading on Wednesday, reaching $38.22. 112,853 shares of the company’s stock traded hands. The firm has a market cap of $9.19 billion, a PE ratio of 11.61 and a beta of 0.81. The stock has a 50-day moving average price of $38.89 and a 200 day moving average price of $35.93. Bancolombia SA has a 12 month low of $23.69 and a 12 month high of $42.58.
Several equities analysts have recently weighed in on CIB shares. Zacks Investment Research upgraded Bancolombia SA from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Monday, June 20th. Deutsche Bank AG upgraded shares of Bancolombia SA from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $39.88.
Bancolombia SA Company Profile
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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