Amundi Grows Stake in Bancolombia S.A. (NYSE:CIB)

Amundi grew its position in Bancolombia S.A. (NYSE:CIB) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 362,391 shares of the bank’s stock after purchasing an additional 7,386 shares during the quarter. Amundi owned about 0.15% of Bancolombia worth $11,741,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CIB. Venturi Wealth Management LLC purchased a new position in Bancolombia in the third quarter worth $27,000. Lindbrook Capital LLC grew its holdings in Bancolombia by 74.7% in the fourth quarter. Lindbrook Capital LLC now owns 968 shares of the bank’s stock worth $31,000 after purchasing an additional 414 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Bancolombia by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank’s stock worth $72,000 after purchasing an additional 657 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Bancolombia in the fourth quarter worth $89,000. Finally, R Squared Ltd purchased a new position in Bancolombia in the fourth quarter worth $121,000.

Bancolombia Price Performance

Shares of CIB opened at $43.15 on Friday. Bancolombia S.A. has a 1-year low of $30.25 and a 1-year high of $44.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 1.00. The firm has a market capitalization of $10.37 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 2.47 and a beta of 1.22. The company’s fifty day moving average price is $38.23 and its 200-day moving average price is $34.33.

Bancolombia (NYSE:CIB) last posted its quarterly 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. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.41 billion. On average, equities research analysts predict that Bancolombia S.A. will post 6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CIB. Morgan Stanley raised shares of Bancolombia from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $40.00 to $53.00 in a report on Tuesday, January 28th. The Goldman Sachs Group boosted their price objective on shares of Bancolombia from $31.00 to $35.00 and gave the company a “sell” rating in a 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.