Zurcher Kantonalbank Zurich Cantonalbank Sells 10,773 Shares of Bancolombia S.A. (NYSE:CIB)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in Bancolombia S.A. (NYSE:CIB - Free Report) by 8.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,773 shares of the bank's stock after selling 10,773 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Bancolombia were worth $3,711,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP bought a new stake in Bancolombia in the 3rd quarter valued at $8,208,000. Raymond James Financial Inc. acquired a new stake in shares of Bancolombia during the 4th quarter worth about $3,104,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Bancolombia in the 3rd quarter valued at about $2,845,000. Public Employees Retirement System of Ohio bought a new position in Bancolombia in the 3rd quarter valued at about $2,667,000. Finally, Moneda S.A. Administradora General de Fondos bought a new stake in shares of Bancolombia during the fourth quarter worth approximately $2,218,000.

Analyst Ratings Changes

Several research firms recently issued reports on CIB. Morgan Stanley upgraded Bancolombia from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $40.00 to $53.00 in a research note on Tuesday, January 28th. The Goldman Sachs Group lifted their price objective on shares of Bancolombia from $31.00 to $35.00 and gave the stock a "sell" rating in a research note on Monday, February 24th.

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Bancolombia Price Performance

Shares of CIB traded down $0.13 during trading hours on Wednesday, hitting $42.96. 249,708 shares of the company were exchanged, compared to its average volume of 406,056. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. Bancolombia S.A. has a fifty-two week low of $30.25 and a fifty-two week high of $44.25. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 6.82, a P/E/G ratio of 2.47 and a beta of 1.22. The firm's fifty day moving average is $38.90 and its 200 day moving average is $34.56.

Bancolombia (NYSE:CIB - Get Free Report) last issued its earnings results on Thursday, February 20th. The bank reported $1.57 EPS for the quarter, beating the consensus estimate of $1.35 by $0.22. The company had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.41 billion. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. On average, equities analysts anticipate 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.