Scout Investments Inc. Has $17.35 Million Stake in Bancolombia SA (NYSE:CIB)

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Scout Investments Inc. increased its position in shares of Bancolombia SA (NYSE:CIB) by 0.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 350,901 shares of the bank’s stock after purchasing an additional 2,696 shares during the period. Scout Investments Inc.’s holdings in Bancolombia were worth $17,352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CIB. BNP Paribas Arbitrage SA increased its holdings in Bancolombia by 167.7% during the first quarter. BNP Paribas Arbitrage SA now owns 621 shares of the bank’s stock worth $32,000 after buying an additional 389 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Bancolombia by 337.9% during the first quarter. JPMorgan Chase & Co. now owns 162,395 shares of the bank’s stock worth $8,292,000 after buying an additional 125,310 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Bancolombia by 5.6% during the first quarter. Lazard Asset Management LLC now owns 2,971,359 shares of the bank’s stock worth $151,717,000 after buying an additional 157,305 shares during the last quarter. FMR LLC increased its holdings in Bancolombia by 249.7% during the first quarter. FMR LLC now owns 168,162 shares of the bank’s stock worth $8,586,000 after buying an additional 120,074 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in Bancolombia during the first quarter worth $426,000. Institutional investors and hedge funds own 7.59% of the company’s stock.

CIB stock traded up $0.59 during midday trading on Wednesday, reaching $50.08. 6,597 shares of the company were exchanged, compared to its average volume of 299,976. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50-day moving average price of $50.10 and a two-hundred day moving average price of $50.27. Bancolombia SA has a one year low of $35.52 and a one year high of $55.40. The firm has a market capitalization of $12.22 billion, a price-to-earnings ratio of 14.39 and a beta of 0.73.

Bancolombia (NYSE:CIB) last released its quarterly earnings data on Monday, August 5th. The bank reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.16. Bancolombia had a net margin of 15.98% and a return on equity of 13.40%. The firm had revenue of $1.16 billion during the quarter. As a group, analysts anticipate that Bancolombia SA will post 4.05 earnings per share for the current fiscal year.

The business also recently disclosed a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a dividend of $0.3248 per share. The ex-dividend date is Thursday, September 26th. This represents a yield of 2.5%. Bancolombia’s dividend payout ratio (DPR) is 37.36%.

A number of equities analysts recently weighed in on the stock. ValuEngine downgraded shares of Bancolombia from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. Zacks Investment Research downgraded shares of Bancolombia from a “buy” rating to a “hold” rating in a report on Monday, September 9th. JPMorgan Chase & Co. upgraded shares of Bancolombia from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $48.00 to $55.00 in a report on Tuesday, August 6th. Finally, Credit Suisse Group upgraded shares of Bancolombia from an “underperform” rating to a “neutral” rating and set a $53.00 target price on the stock in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Bancolombia has a consensus rating of “Hold” and an average price target of $55.00.

Bancolombia 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.

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Institutional Ownership by Quarter for Bancolombia (NYSE:CIB)

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