Meeder Asset Management Inc. Boosts Position in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

Meeder Asset Management Inc. grew its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 77.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 969 shares of the bank’s stock after buying an additional 424 shares during the period. Meeder Asset Management Inc.’s holdings in Banco Latinoamericano de Comercio Exterior, S. A. were worth $29,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% in the second quarter. Rhumbline Advisers now owns 47,093 shares of the bank’s stock worth $1,397,000 after acquiring an additional 411 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.9% during the first quarter. LSV Asset Management now owns 962,524 shares of the bank’s stock valued at $28,510,000 after purchasing an additional 9,038 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the first quarter valued at $3,002,000. 19.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Scotiabank upped their price target on Banco Latinoamericano de Comercio Exterior, S. A. from $38.00 to $42.00 and gave the company a “sector outperform” rating in a report on Wednesday, June 12th.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Up 1.8 %

Shares of NYSE:BLX opened at $30.74 on Monday. The company has a market cap of $1.12 billion, a P/E ratio of 6.22 and a beta of 1.17. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.62 and a quick ratio of 1.62. Banco Latinoamericano de Comercio Exterior, S. A. has a 1 year low of $20.01 and a 1 year high of $34.45. The stock’s fifty day moving average price is $30.89 and its 200-day moving average price is $29.96.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $1.36 EPS for the quarter. The company had revenue of $75.04 million during the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 15.91% and a net margin of 23.87%. Sell-side analysts expect that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current year.

Banco Latinoamericano de Comercio Exterior, S. A. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 5th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date was Monday, August 5th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is presently 40.49%.

Banco Latinoamericano de Comercio Exterior, S. A. Profile

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It also offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.