Moneda S.A. Administradora General de Fondos Invests $2.22 Million in Bancolombia S.A. (NYSE:CIB)

Moneda S.A. Administradora General de Fondos bought a new stake in shares of Bancolombia S.A. (NYSE:CIB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 70,376 shares of the bank's stock, valued at approximately $2,218,000. Bancolombia makes up approximately 2.3% of Moneda S.A. Administradora General de Fondos' portfolio, making the stock its 10th largest position.

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

Wall Street Analysts Forecast Growth

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

Bancolombia Stock Performance

Shares of NYSE CIB traded up $0.39 during midday trading on Thursday, reaching $42.37. The company had a trading volume of 88,149 shares, compared to its average volume of 424,177. Bancolombia S.A. has a 1 year low of $30.25 and a 1 year high of $44.25. The business's 50-day simple moving average is $37.08 and its 200 day simple moving average is $33.99. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. The stock has a market cap of $10.19 billion, a P/E ratio of 6.73, a P/E/G ratio of 2.47 and a beta of 1.22.

Bancolombia (NYSE:CIB - Get Free Report) last issued its earnings results 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. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.41 billion. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. On average, analysts forecast that Bancolombia S.A. will post 6 earnings per share for the current fiscal 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.