Bank of Montreal Can Buys 28,381 Shares of Bancolombia SA (CIB)

Bank of Montreal Can increased its holdings in Bancolombia SA (NYSE:CIB) by 398.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,497 shares of the bank’s stock after purchasing an additional 28,381 shares during the period. Bank of Montreal Can’s holdings in Bancolombia were worth $1,813,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Bancolombia by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,754,870 shares of the bank’s stock valued at $156,653,000 after buying an additional 13,683 shares in the last quarter. Genesis Asset Managers LLP boosted its stake in shares of Bancolombia by 8.3% during the 1st quarter. Genesis Asset Managers LLP now owns 2,442,880 shares of the bank’s stock worth $124,733,000 after buying an additional 187,128 shares during the last quarter. Norges Bank bought a new stake in shares of Bancolombia in the 4th quarter valued at about $22,577,000. Baillie Gifford & Co. bought a new stake in shares of Bancolombia in the 4th quarter valued at about $21,446,000. Finally, Legal & General Group Plc raised its holdings in shares of Bancolombia by 6.9% in the 4th quarter. Legal & General Group Plc now owns 458,986 shares of the bank’s stock valued at $17,494,000 after purchasing an additional 29,554 shares during the period. 6.80% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE CIB opened at $46.14 on Monday. The stock has a market cap of $11.09 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 0.81 and a beta of 0.66. Bancolombia SA has a 1 year low of $35.52 and a 1 year high of $55.40. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.76.

Bancolombia (NYSE:CIB) last released its quarterly earnings results on Thursday, February 21st. The bank reported $1.28 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.36. The business had revenue of $1.28 billion for the quarter. Bancolombia had a net margin of 15.03% and a return on equity of 11.81%. As a group, research analysts anticipate that Bancolombia SA will post 4.38 EPS for the current fiscal year.

Several research firms have weighed in on CIB. Zacks Investment Research cut shares of Bancolombia from a “buy” rating to a “hold” rating in a report on Monday, May 13th. ValuEngine lowered shares of Bancolombia from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Credit Suisse Group lowered shares of Bancolombia from a “neutral” rating to an “underperform” rating in a research report on Tuesday, April 30th. Citigroup upgraded shares of Bancolombia from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. upgraded shares of Bancolombia from an “underweight” rating to a “neutral” rating in a report on Monday, February 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Bancolombia currently has a consensus rating of “Hold” and an average target price of $54.00.

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About Bancolombia

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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