Standard Life Aberdeen plc grew its holdings in shares of Bancolombia SA (NYSE:CIB) by 121.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 45,687 shares of the bank’s stock after purchasing an additional 25,095 shares during the period. Standard Life Aberdeen plc’s holdings in Bancolombia were worth $1,731,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CIB. Advisor Group Inc. raised its holdings in shares of Bancolombia by 6.0% in the 4th quarter. Advisor Group Inc. now owns 5,567 shares of the bank’s stock valued at $212,000 after purchasing an additional 317 shares during the period. Wetherby Asset Management Inc. raised its holdings in shares of Bancolombia by 4.4% in the 4th quarter. Wetherby Asset Management Inc. now owns 9,443 shares of the bank’s stock valued at $360,000 after purchasing an additional 401 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Bancolombia by 37.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,914 shares of the bank’s stock valued at $73,000 after purchasing an additional 519 shares during the period. Lindbrook Capital LLC bought a new stake in shares of Bancolombia in the 4th quarter valued at about $31,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of Bancolombia by 716.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,180 shares of the bank’s stock valued at $78,000 after purchasing an additional 1,913 shares during the period. 6.56% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on CIB. Zacks Investment Research cut shares of Bancolombia from a “hold” rating to a “sell” rating in a report on Monday, December 17th. Santander cut shares of Bancolombia from a “hold” rating to an “underperform” rating in a report on Monday, November 19th. ValuEngine raised shares of Bancolombia from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th. JPMorgan Chase & Co. raised shares of Bancolombia from an “underweight” rating to a “neutral” rating in a report on Monday, February 25th. Finally, Bank of America raised shares of Bancolombia from a “neutral” rating to a “buy” rating in a report on Tuesday, January 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $46.00.

Shares of CIB opened at $51.10 on Friday. Bancolombia SA has a 52 week low of $35.52 and a 52 week high of $51.53. The stock has a market capitalization of $11.71 billion, a P/E ratio of 14.04, a P/E/G ratio of 0.91 and a beta of 0.66. The company has a current ratio of 1.11, a quick ratio of 1.12 and a debt-to-equity ratio of 0.76.

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Bancolombia Company Profile

Bancolombia SA provides various banking products and services to individual, corporate, and government customers in Colombia, Latin America, and the Caribbean region. The company operates in nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, Off Shore, and All Other.

See Also: Why Net Income is Important to Investors

Want to see what other hedge funds are holding CIB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bancolombia SA (NYSE:CIB).

Institutional Ownership by Quarter for Bancolombia (NYSE:CIB)

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