Capital Wealth Planning LLC Buys 7,856 Shares of Bancolombia S.A. (NYSE:CIB)

Capital Wealth Planning LLC lifted its position in Bancolombia S.A. (NYSE:CIB - Free Report) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,850 shares of the bank's stock after acquiring an additional 7,856 shares during the period. Capital Wealth Planning LLC's holdings in Bancolombia were worth $3,052,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP bought a new stake in Bancolombia in the third quarter valued at approximately $8,208,000. Robeco Institutional Asset Management B.V. increased its position in shares of Bancolombia by 12.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,323,482 shares of the bank's stock valued at $41,531,000 after buying an additional 150,022 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Bancolombia during the 3rd quarter worth $2,845,000. Public Employees Retirement System of Ohio acquired a new stake in Bancolombia during the 3rd quarter worth $2,667,000. Finally, Walleye Capital LLC bought a new position in Bancolombia during the third quarter worth about $1,250,000.

Bancolombia Stock Up 3.1 %

CIB stock traded up $1.28 during trading hours on Wednesday, reaching $41.98. 342,426 shares of the stock were exchanged, compared to its average volume of 432,274. The firm's 50-day moving average is $36.89 and its 200-day moving average is $33.94. Bancolombia S.A. has a 12 month low of $30.25 and a 12 month high of $44.25. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 6.66, a PEG ratio of 2.47 and a beta of 1.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 1.00.

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

Analyst Upgrades and Downgrades

CIB has been the subject of several recent analyst reports. Morgan Stanley upgraded Bancolombia from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $40.00 to $53.00 in a report on Tuesday, January 28th. The Goldman Sachs Group boosted their price objective on Bancolombia from $31.00 to $35.00 and gave the company a "sell" rating in a research report on Monday, February 24th.

About Bancolombia

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.