Allspring Global Investments Holdings LLC trimmed its position in Bancolombia S.A. (NYSE:CIB - Free Report) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 969,276 shares of the bank's stock after selling 13,783 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.40% of Bancolombia worth $31,346,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP purchased a new stake in shares of Bancolombia in the 3rd quarter worth $8,208,000. XTX Topco Ltd purchased a new stake in shares of Bancolombia in the 3rd quarter worth $385,000. Centiva Capital LP purchased a new stake in shares of Bancolombia in the 3rd quarter worth $288,000. Point72 Asset Management L.P. lifted its holdings in shares of Bancolombia by 3,160.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 16,300 shares of the bank's stock worth $511,000 after buying an additional 15,800 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Bancolombia by 96.5% in the 3rd quarter. Blue Trust Inc. now owns 1,305 shares of the bank's stock worth $43,000 after buying an additional 641 shares during the period.
Bancolombia Stock Up 1.4 %
Shares of NYSE CIB traded up $0.58 during mid-day trading on Tuesday, reaching $41.29. 155,519 shares of the company were exchanged, compared to its average volume of 403,116. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.34. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 6.55, a P/E/G ratio of 2.27 and a beta of 1.22. Bancolombia S.A. has a 1 year low of $30.25 and a 1 year high of $41.29. The firm has a 50-day moving average of $34.78 and a 200 day moving average of $33.18.
Analysts Set New Price Targets
Separately, Morgan Stanley upgraded Bancolombia from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $40.00 to $53.00 in a research note on Tuesday, January 28th.
View Our Latest Stock Analysis on CIB
Bancolombia Profile
(
Free Report)
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.
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