Bancolombia S.A. (NYSE:CIB) Shares Bought by Stokes Family Office LLC

Stokes Family Office LLC lifted its holdings in Bancolombia S.A. (NYSE:CIB) by 30.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 33,790 shares of the bank’s stock after buying an additional 7,907 shares during the quarter. Stokes Family Office LLC’s holdings in Bancolombia were worth $1,065,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Thrivent Financial for Lutherans lifted its position in shares of Bancolombia by 30.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 91,927 shares of the bank’s stock worth $2,897,000 after buying an additional 21,249 shares during the last quarter. Amundi lifted its position in shares of Bancolombia by 2.1% in the 4th quarter. Amundi now owns 362,391 shares of the bank’s stock worth $11,741,000 after buying an additional 7,386 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of Bancolombia by 74.7% in the 4th quarter. Lindbrook Capital LLC now owns 968 shares of the bank’s stock worth $31,000 after buying an additional 414 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Bancolombia in the 4th quarter worth about $3,104,000. Finally, Moneda S.A. Administradora General de Fondos bought a new position in shares of Bancolombia in the 4th quarter worth about $2,218,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Bancolombia from $31.00 to $35.00 and gave the stock a “sell” rating in a research report on Monday, February 24th. Morgan Stanley upgraded shares of Bancolombia from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $40.00 to $53.00 in a research report on Tuesday, January 28th.

Bancolombia Trading Down 1.9 %

Shares of NYSE:CIB opened at $43.05 on Wednesday. The company has a market cap of $10.35 billion, a PE ratio of 6.83, a P/E/G ratio of 2.47 and a beta of 1.22. The company’s 50-day moving average price is $38.90 and its 200 day moving average price is $34.56. Bancolombia S.A. has a fifty-two week low of $30.25 and a fifty-two week high of $44.25. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 0.60.

Bancolombia (NYSE:CIB) last issued its quarterly earnings data on Thursday, February 20th. The bank reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.22. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.41 billion. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. Sell-side analysts anticipate that Bancolombia S.A. will post 6 earnings per share for the current year.

Bancolombia Profile

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.