Capital Wealth Planning LLC Boosts Stake in Bancolombia S.A. (NYSE:CIB)

Capital Wealth Planning LLC increased its position in Bancolombia S.A. (NYSE:CIB) by 8.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 96,850 shares of the bank’s stock after purchasing an additional 7,856 shares during the period. Capital Wealth Planning LLC’s holdings in Bancolombia were worth $3,052,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CIB. Wellington Management Group LLP purchased a new stake in Bancolombia during the 3rd quarter valued at approximately $8,208,000. XTX Topco Ltd purchased a new stake in Bancolombia during the 3rd quarter valued at approximately $385,000. Centiva Capital LP purchased a new stake in Bancolombia during the 3rd quarter valued at approximately $288,000. Point72 Asset Management L.P. raised its stake in Bancolombia by 3,160.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 16,300 shares of the bank’s stock valued at $511,000 after acquiring an additional 15,800 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Bancolombia by 96.5% during the 3rd quarter. Blue Trust Inc. now owns 1,305 shares of the bank’s stock valued at $43,000 after acquiring an additional 641 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have commented on the company. The Goldman Sachs Group upped their price objective on Bancolombia from $31.00 to $35.00 and gave the company a “sell” rating in a research note on Monday, February 24th. Morgan Stanley raised Bancolombia from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $53.00 in a research note on Tuesday, January 28th.

Bancolombia Stock Down 0.0 %

CIB opened at $41.72 on Friday. 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 business has a 50 day simple moving average of $36.55 and a 200-day simple moving average of $33.84. The stock has a market capitalization of $10.03 billion, a P/E ratio of 6.62, a P/E/G ratio of 2.47 and a beta of 1.22. Bancolombia S.A. has a 12 month low of $30.25 and a 12 month high of $44.25.

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. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. On average, equities analysts anticipate that Bancolombia S.A. will post 6 earnings per share for the current fiscal year.

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.