Deltec Asset Management LLC decreased its position in shares of Bancolombia SA (NYSE:CIB) by 27.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,393 shares of the company’s stock after selling 27,950 shares during the period. Deltec Asset Management LLC’s holdings in Bancolombia SA were worth $2,528,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Royal Bank of Canada raised its stake in shares of Bancolombia SA by 1.5% in the first quarter. Royal Bank of Canada now owns 19,317 shares of the company’s stock worth $660,000 after buying an additional 289 shares in the last quarter. Rockefeller Financial Services Inc. raised its stake in shares of Bancolombia SA by 3.6% in the second quarter. Rockefeller Financial Services Inc. now owns 14,959 shares of the company’s stock worth $522,000 after buying an additional 516 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Bancolombia SA by 74.7% in the first quarter. Envestnet Asset Management Inc. now owns 7,000 shares of the company’s stock worth $239,000 after buying an additional 2,992 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Bancolombia SA by 39.5% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 10,600 shares of the company’s stock worth $362,000 after buying an additional 3,000 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of Bancolombia SA during the first quarter worth about $171,000. 12.37% of the stock is owned by hedge funds and other institutional investors.

Bancolombia SA (NYSE:CIB) traded down 1.46% during mid-day trading on Tuesday, hitting $37.91. 451,115 shares of the company’s stock traded hands. Bancolombia SA has a one year low of $23.69 and a one year high of $42.58. The stock has a market cap of $9.12 billion, a PE ratio of 11.52 and a beta of 0.81. The firm’s 50-day moving average price is $38.24 and its 200-day moving average price is $35.72.

A number of brokerages have recently issued reports on CIB. Zacks Investment Research lowered shares of Bancolombia SA from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. HSBC lowered shares of Bancolombia SA from a “buy” rating to a “hold” rating in a research note on Wednesday, May 25th. Finally, Deutsche Bank AG raised shares of Bancolombia SA from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target 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.

5 Day Chart for NYSE:CIB

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