Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 23,534 Shares of Bancolombia SA (CIB)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Bancolombia SA (NYSE:CIB) by 28.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 59,377 shares of the bank’s stock after selling 23,534 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Bancolombia were worth $3,032,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its holdings in Bancolombia by 167.7% during the first quarter. BNP Paribas Arbitrage SA now owns 621 shares of the bank’s stock valued at $32,000 after purchasing an additional 389 shares during the period. Lindbrook Capital LLC bought a new stake in Bancolombia during the fourth quarter valued at about $31,000. Parallel Advisors LLC lifted its position in shares of Bancolombia by 45.7% in the first quarter. Parallel Advisors LLC now owns 845 shares of the bank’s stock valued at $43,000 after acquiring an additional 265 shares in the last quarter. Bartlett & Co. LLC purchased a new position in shares of Bancolombia in the first quarter valued at about $64,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Bancolombia by 37.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,914 shares of the bank’s stock valued at $73,000 after acquiring an additional 519 shares in the last quarter. 6.80% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on CIB. ValuEngine upgraded Bancolombia from a “hold” rating to a “buy” rating in a research report on Thursday, March 21st. Citigroup upgraded Bancolombia from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 17th. Credit Suisse Group downgraded Bancolombia from a “neutral” rating to an “underperform” rating in a research report on Tuesday, April 30th. Zacks Investment Research upgraded Bancolombia from a “strong sell” rating to a “hold” rating in a research report on Friday, March 1st. Finally, JPMorgan Chase & Co. upgraded Bancolombia from an “underweight” rating to a “neutral” rating in a research report on Monday, February 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Bancolombia has an average rating of “Hold” and a consensus target price of $54.00.

Shares of Bancolombia stock opened at $47.30 on Friday. Bancolombia SA has a 52 week low of $35.52 and a 52 week high of $55.40. The stock has a market capitalization of $11.45 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 0.84 and a beta of 0.66. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.76.

Bancolombia (NYSE:CIB) last announced its quarterly earnings data on Thursday, February 21st. The bank reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.36. Bancolombia had a return on equity of 11.77% and a net margin of 14.40%. The business had revenue of $1.28 billion for the quarter. On average, equities research analysts anticipate that Bancolombia SA will post 4.38 EPS for the current fiscal year.

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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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