State of New Jersey Common Pension Fund D raised its position in shares of BanColombia S.A. (NYSE:CIB) by 6.7% during the second quarter, Holdings Channel reports. The fund owned 101,691 shares of the bank’s stock after buying an additional 6,378 shares during the period. State of New Jersey Common Pension Fund D’s holdings in BanColombia were worth $4,531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position 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 worth $121,609,000 after buying an additional 129,400 shares during the last quarter. Earnest Partners LLC boosted its position 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 boosted its position 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 boosted its position 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 boosted its position 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. Institutional investors and hedge funds own 15.94% of the company’s stock.

BanColombia S.A. (NYSE CIB) opened at 43.43 on Tuesday. BanColombia S.A. has a 12 month low of $31.98 and a 12 month high of $47.19. The firm’s 50-day moving average price is $44.06 and its 200 day moving average price is $41.42. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of 10.56 and a beta of 0.32.

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Several research analysts have recently issued reports on the stock. BidaskClub cut shares of BanColombia from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $41.00 price target (down previously from $42.00) on shares of BanColombia in a report on Monday, June 5th. Credit Suisse Group set a $45.00 price target on shares of BanColombia and gave the company a “hold” rating in a report on Wednesday, May 24th. Zacks Investment Research cut shares of BanColombia from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Finally, Standpoint Research cut shares of BanColombia from a “buy” rating to a “hold” rating in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $43.50.

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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