Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC trimmed its stake in Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 310,129 shares of the bank’s stock after selling 3,634 shares during the quarter. Motley Fool Wealth Management LLC owned approximately 0.85% of Banco Latinoamericano de Comercio Exterior, S. A. worth $7,670,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Diversified Trust Co purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the third quarter worth about $488,000. Ramirez Asset Management Inc. purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the third quarter valued at $630,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Banco Latinoamericano de Comercio Exterior, S. A. in the 3rd quarter valued at about $976,000. Institutional investors and hedge funds own 19.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Banco Latinoamericano de Comercio Exterior, S. A. from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Up 2.1 %

BLX traded up $0.61 during trading on Friday, hitting $29.58. 139,581 shares of the company’s stock were exchanged, compared to its average volume of 107,910. The stock has a 50 day moving average price of $28.58 and a 200 day moving average price of $25.67. The company has a current ratio of 2.08, a quick ratio of 1.00 and a debt-to-equity ratio of 3.62. Banco Latinoamericano de Comercio Exterior, S. A. has a 1 year low of $17.09 and a 1 year high of $31.62. The firm has a market cap of $1.07 billion, a P/E ratio of 5.99 and a beta of 1.21.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last issued its earnings results on Thursday, February 22nd. The bank reported $1.27 earnings per share for the quarter. The company had revenue of $77.79 million during the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 15.51% and a net margin of 23.34%. As a group, analysts expect that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current fiscal year.

Banco Latinoamericano de Comercio Exterior, S. A. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Monday, April 29th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.76%. This is a positive change from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, April 26th. Banco Latinoamericano de Comercio Exterior, S. A.’s dividend payout ratio (DPR) is presently 40.49%.

About Banco Latinoamericano de Comercio Exterior, S. A.

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It also offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.