World Asset Management Inc reduced its stake in shares of BanColombia S.A. (NYSE:CIB) by 5.3% during the second quarter, Holdings Channel reports. The institutional investor owned 6,655 shares of the bank’s stock after selling 376 shares during the period. World Asset Management Inc’s holdings in BanColombia were worth $296,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of BanColombia by 4.4% in the first quarter. Vanguard Group Inc. now owns 3,050,136 shares of the bank’s stock valued at $121,609,000 after buying an additional 129,400 shares in the last quarter. Earnest Partners LLC increased its stake in shares of 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 buying an additional 126,695 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of 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 buying an additional 123,959 shares in the last quarter. FMR LLC increased its stake in shares of 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 buying an additional 284,460 shares in the last quarter. Finally, INCA Investments LLC increased its stake in shares of 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 buying an additional 119,940 shares in the last quarter. 15.94% of the stock is currently owned by institutional investors.

Shares of BanColombia S.A. (NYSE:CIB) opened at 42.65 on Wednesday. The firm has a market capitalization of $10.26 billion, a P/E ratio of 10.37 and a beta of 0.32. BanColombia S.A. has a 52-week low of $31.98 and a 52-week high of $47.19. The company’s 50-day moving average price is $44.06 and its 200-day moving average price is $41.45.

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Several equities research analysts have recently issued reports on CIB shares. Zacks Investment Research raised BanColombia from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Tuesday. HSBC Holdings plc downgraded BanColombia from a “buy” rating to a “hold” rating in a research report on Tuesday. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $41.00 price target (down from $42.00) on shares of BanColombia in a research report on Monday, June 5th. BidaskClub raised BanColombia from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Finally, Credit Suisse Group set a $45.00 price target on BanColombia and gave the company a “hold” rating in a research report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $45.50.

About BanColombia

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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Institutional Ownership by Quarter for BanColombia (NYSE:CIB)

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