Advisor Group Holdings Inc. Decreases Stock Position in Bancolombia SA (NYSE:CIB)

Advisor Group Holdings Inc. reduced its position in Bancolombia SA (NYSE:CIB) by 31.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,552 shares of the bank’s stock after selling 2,107 shares during the quarter. Advisor Group Holdings Inc.’s holdings in Bancolombia were worth $121,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Federated Hermes Inc. boosted its stake in Bancolombia by 27.5% during the first quarter. Federated Hermes Inc. now owns 3,229 shares of the bank’s stock worth $81,000 after buying an additional 696 shares during the last quarter. Parallel Advisors LLC raised its stake in Bancolombia by 64.6% during the second quarter. Parallel Advisors LLC now owns 2,085 shares of the bank’s stock worth $54,000 after purchasing an additional 818 shares during the period. Lindbrook Capital LLC boosted its holdings in Bancolombia by 125.0% in the 2nd quarter. Lindbrook Capital LLC now owns 1,645 shares of the bank’s stock valued at $43,000 after purchasing an additional 914 shares during the last quarter. Huntington National Bank increased its holdings in shares of Bancolombia by 76.7% during the 2nd quarter. Huntington National Bank now owns 3,240 shares of the bank’s stock worth $85,000 after buying an additional 1,406 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Bancolombia by 85.6% in the first quarter. BNP Paribas Arbitrage SA now owns 4,143 shares of the bank’s stock valued at $103,000 after acquiring an additional 1,911 shares during the last quarter. 7.23% of the stock is currently owned by institutional investors.

Shares of Bancolombia stock traded up $0.30 on Friday, reaching $26.33. 121,706 shares of the company were exchanged, compared to its average volume of 486,681. The stock’s 50 day moving average price is $27.42 and its 200-day moving average price is $26.51. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 1.03. Bancolombia SA has a 1-year low of $16.27 and a 1-year high of $56.10. The company has a market cap of $6.33 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 3.35 and a beta of 1.21.

Bancolombia (NYSE:CIB) last announced its quarterly earnings data on Wednesday, August 5th. The bank reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.37). The firm had revenue of $1.04 billion during the quarter. Bancolombia had a net margin of 7.68% and a return on equity of 5.54%. On average, research analysts predict that Bancolombia SA will post 0.87 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Tuesday, September 29th will be issued a dividend of $0.3086 per share. This represents a $1.23 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date is Monday, September 28th. Bancolombia’s dividend payout ratio (DPR) is 31.87%.

CIB has been the subject of a number of research analyst reports. Goldman Sachs Group initiated coverage on Bancolombia in a report on Wednesday, June 17th. They set a “sell” rating and a $27.00 price target for the company. Zacks Investment Research upgraded shares of Bancolombia from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut shares of Bancolombia from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Bancolombia presently has a consensus rating of “Hold” and an average price target of $29.33.

Bancolombia Profile

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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Institutional Ownership by Quarter for Bancolombia (NYSE:CIB)

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