BanColombia S.A. (CIB) Holdings Maintained by Prudential Financial Inc.
Prudential Financial Inc. maintained its stake in BanColombia S.A. (NYSE:CIB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,100 shares of the bank’s stock at the close of the second quarter. Prudential Financial Inc.’s holdings in BanColombia were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of BanColombia by 4.4% during the first quarter. Vanguard Group Inc. now owns 3,050,136 shares of the bank’s stock worth $121,609,000 after buying an additional 129,400 shares in the last quarter. Earnest Partners LLC raised its holdings in BanColombia by 4.6% in the first quarter. Earnest Partners LLC now owns 2,893,735 shares of the bank’s stock valued at $115,373,000 after acquiring an additional 126,695 shares in the last quarter. Lazard Asset Management LLC raised its holdings in BanColombia by 6.5% in the first quarter. Lazard Asset Management LLC now owns 2,020,672 shares of the bank’s stock valued at $80,563,000 after acquiring an additional 123,959 shares in the last quarter. FMR LLC raised its holdings in BanColombia by 24.5% in the first quarter. FMR LLC now owns 1,446,421 shares of the bank’s stock valued at $57,669,000 after acquiring an additional 284,460 shares in the last quarter. Finally, INCA Investments LLC raised its holdings in BanColombia by 9.4% in the first quarter. INCA Investments LLC now owns 1,396,600 shares of the bank’s stock valued at $55,682,000 after acquiring an additional 119,940 shares in the last quarter. 14.96% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on CIB shares. Zacks Investment Research upgraded shares of BanColombia from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Tuesday, August 15th. HSBC Holdings plc downgraded shares of BanColombia from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $41.00 price objective (down from $42.00) on shares of BanColombia in a research report on Monday, June 5th. Santander lowered shares of BanColombia from a “hold” rating to an “underperform” rating in a report on Wednesday, September 20th. Finally, BidaskClub upgraded shares of BanColombia from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.33.
Shares of BanColombia S.A. (NYSE:CIB) opened at 45.89 on Tuesday. The stock’s 50 day moving average price is $45.90 and its 200 day moving average price is $43.46. BanColombia S.A. has a 12 month low of $31.98 and a 12 month high of $48.74. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 10.83 and a beta of 0.32.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Thursday, September 28th will be paid a $0.3278 dividend. This is a boost from BanColombia’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, September 27th. This represents a $1.31 annualized dividend and a dividend yield of 2.86%. BanColombia’s payout ratio is 29.31%.
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BanColombia 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.
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