Sei Investments Co. Has $21.55 Million Stake in BanColombia S.A. (CIB)
Sei Investments Co. reduced its stake in BanColombia S.A. (NYSE:CIB) by 43.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 470,619 shares of the bank’s stock after selling 359,261 shares during the period. Sei Investments Co. owned approximately 0.20% of BanColombia worth $21,549,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Stevens Capital Management LP bought a new position in shares of BanColombia in the third quarter worth $419,000. Crossmark Global Holdings Inc. bought a new position in shares of BanColombia in the third quarter worth $880,000. BARING ASSET MANAGEMENT Ltd boosted its holdings in shares of BanColombia by 36.6% in the third quarter. BARING ASSET MANAGEMENT Ltd now owns 128,800 shares of the bank’s stock worth $5,898,000 after acquiring an additional 34,540 shares during the period. Aperio Group LLC boosted its holdings in shares of BanColombia by 11.6% in the third quarter. Aperio Group LLC now owns 245,084 shares of the bank’s stock worth $11,222,000 after acquiring an additional 25,434 shares during the period. Finally, First Trust Advisors LP bought a new position in shares of BanColombia in the third quarter worth $230,000. 14.74% of the stock is owned by hedge funds and other institutional investors.
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Shares of BanColombia S.A. (NYSE:CIB) opened at $37.34 on Tuesday. BanColombia S.A. has a 12-month low of $31.98 and a 12-month high of $48.74. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $9,288.85, a PE ratio of 9.71, a price-to-earnings-growth ratio of 1.68 and a beta of 0.33.
Several research firms recently issued reports on CIB. BidaskClub lowered BanColombia from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised BanColombia from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Friday, September 15th. Deutsche Bank AG lowered BanColombia from a “buy” rating to a “hold” rating and dropped their price objective for the company from $52.00 to $45.00 in a research note on Friday, October 27th. Santander lowered BanColombia from a “hold” rating to an “underperform” rating in a research note on Wednesday, September 20th. Finally, J P Morgan Chase & Co lowered BanColombia from a “neutral” rating to an “underweight” rating and set a $41.00 price objective for the company. in a research note on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. BanColombia presently has an average rating of “Hold” and an average target price of $46.00.
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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