Scout Investments Inc. Acquires 2,696 Shares of Bancolombia SA (NYSE:CIB)
Scout Investments Inc. grew its holdings in Bancolombia SA (NYSE:CIB) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 350,901 shares of the bank’s stock after purchasing an additional 2,696 shares during the quarter. Scout Investments Inc. owned approximately 0.15% of Bancolombia worth $17,352,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of CIB. BNP Paribas Arbitrage SA boosted its stake in shares of Bancolombia by 167.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 621 shares of the bank’s stock valued at $32,000 after purchasing an additional 389 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Bancolombia by 337.9% in the 1st quarter. JPMorgan Chase & Co. now owns 162,395 shares of the bank’s stock valued at $8,292,000 after purchasing an additional 125,310 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Bancolombia by 5.6% in the 1st quarter. Lazard Asset Management LLC now owns 2,971,359 shares of the bank’s stock valued at $151,717,000 after purchasing an additional 157,305 shares during the last quarter. FMR LLC boosted its stake in shares of Bancolombia by 249.7% in the 1st quarter. FMR LLC now owns 168,162 shares of the bank’s stock valued at $8,586,000 after purchasing an additional 120,074 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Bancolombia in the 1st quarter valued at about $426,000. 7.59% of the stock is currently owned by institutional investors.
Several research analysts have recently issued reports on CIB shares. Credit Suisse Group raised shares of Bancolombia from an “underperform” rating to a “neutral” rating and set a $53.00 target price on the stock in a research note on Tuesday, August 6th. Zacks Investment Research lowered shares of Bancolombia from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. ValuEngine lowered shares of Bancolombia from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. raised shares of Bancolombia from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $48.00 to $55.00 in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Bancolombia has an average rating of “Hold” and a consensus price target of $55.00.
Bancolombia (NYSE:CIB) last released its quarterly earnings data on Monday, August 5th. The bank reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.16. Bancolombia had a net margin of 15.98% and a return on equity of 13.40%. The business had revenue of $1.16 billion for the quarter. As a group, equities research analysts anticipate that Bancolombia SA will post 4.05 EPS for the current fiscal year.
The company also recently disclosed a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a dividend of $0.3248 per share. This represents a yield of 2.5%. The ex-dividend date is Thursday, September 26th. Bancolombia’s payout ratio is 37.36%.
Bancolombia SA provides various banking products and services to individual, corporate, and government customers in Colombia, Latin America, and the Caribbean region. The company operates in nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, Off Shore, and All Other.
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