US Bancorp DE Grows Position in Bancolombia S.A. (NYSE:CIB)

US Bancorp DE boosted its stake in shares of Bancolombia S.A. (NYSE:CIB) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,594 shares of the bank’s stock after purchasing an additional 312 shares during the period. US Bancorp DE’s holdings in Bancolombia were worth $176,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CIB. Wellington Management Group LLP purchased a new stake in Bancolombia during the 3rd quarter worth approximately $8,208,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Bancolombia during the 3rd quarter worth approximately $2,845,000. Public Employees Retirement System of Ohio purchased a new stake in Bancolombia during the 3rd quarter worth approximately $2,667,000. Walleye Capital LLC purchased a new stake in Bancolombia during the 3rd quarter worth approximately $1,250,000. Finally, Virtus Investment Advisers Inc. grew its position in Bancolombia by 442.6% during the 3rd quarter. Virtus Investment Advisers Inc. now owns 24,274 shares of the bank’s stock worth $762,000 after purchasing an additional 19,800 shares during the last quarter.

Analyst Upgrades and Downgrades

CIB has been the topic of several recent research reports. The Goldman Sachs Group upped their price objective on shares of Bancolombia from $31.00 to $35.00 and gave the company a “sell” rating in a report on Monday, February 24th. Morgan Stanley raised shares of Bancolombia from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $40.00 to $53.00 in a report on Tuesday, January 28th.

Bancolombia Stock Up 3.8 %

CIB stock opened at $43.15 on Friday. The firm’s fifty day simple moving average is $38.46 and its 200-day simple moving average is $34.41. Bancolombia S.A. has a 12 month low of $30.25 and a 12 month high of $44.25. The company has a market capitalization of $10.37 billion, a P/E ratio of 6.85, a price-to-earnings-growth ratio of 2.47 and a beta of 1.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 1.00.

Bancolombia (NYSE:CIB) last announced its quarterly earnings results on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.41 billion. As a group, equities research analysts forecast that Bancolombia S.A. will post 6 earnings per share for the current year.

About Bancolombia

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.