Amundi Has $11.74 Million Stock Holdings in Bancolombia S.A. (NYSE:CIB)

Amundi lifted its holdings in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 362,391 shares of the bank's stock after buying an additional 7,386 shares during the period. Amundi owned approximately 0.15% of Bancolombia worth $11,741,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. US Bancorp DE lifted its position in Bancolombia by 18.9% in the third quarter. US Bancorp DE now owns 5,282 shares of the bank's stock worth $166,000 after purchasing an additional 839 shares during the period. Venturi Wealth Management LLC acquired a new stake in Bancolombia in the third quarter worth approximately $27,000. Thrivent Financial for Lutherans lifted its position in Bancolombia by 13.6% in the third quarter. Thrivent Financial for Lutherans now owns 70,678 shares of the bank's stock worth $2,218,000 after purchasing an additional 8,477 shares during the period. Caprock Group LLC lifted its position in Bancolombia by 8.8% in the third quarter. Caprock Group LLC now owns 19,964 shares of the bank's stock worth $643,000 after purchasing an additional 1,621 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Bancolombia in the third quarter worth approximately $2,845,000.

Bancolombia Price Performance

Shares of NYSE CIB traded down $0.84 during trading on Tuesday, hitting $43.05. The company had a trading volume of 306,063 shares, compared to its average volume of 283,485. The company has a market cap of $10.35 billion, a P/E ratio of 6.83, a PEG ratio of 2.47 and a beta of 1.22. Bancolombia S.A. has a 52 week low of $30.25 and a 52 week high of $44.25. The business's 50-day moving average is $38.69 and its 200 day moving average is $34.49. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.05.

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Bancolombia (NYSE:CIB - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.22. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. The company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.41 billion. Equities research analysts predict that Bancolombia S.A. will post 6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Morgan Stanley upgraded Bancolombia from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $40.00 to $53.00 in a research report on Tuesday, January 28th. The Goldman Sachs Group upped their price target on Bancolombia from $31.00 to $35.00 and gave the company a "sell" rating in a report on Monday, February 24th.

Bancolombia Company 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.