BanColombia S.A. (CIB) Shares Bought by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. grew its stake in shares of BanColombia S.A. (NYSE:CIB) by 29.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 122,121 shares of the bank’s stock after acquiring an additional 27,776 shares during the period. UBS Asset Management Americas Inc. owned about 0.05% of BanColombia worth $5,440,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CIB. BNP Paribas Arbitrage SA raised its stake in shares of BanColombia by 9,646.2% during the first quarter. BNP Paribas Arbitrage SA now owns 7,602 shares of the bank’s stock valued at $303,000 after acquiring an additional 7,524 shares in the last quarter. Comerica Bank raised its stake in shares of BanColombia by 1.3% during the first quarter. Comerica Bank now owns 6,480 shares of the bank’s stock valued at $252,000 after acquiring an additional 85 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of BanColombia by 11.7% during the first quarter. Envestnet Asset Management Inc. now owns 10,165 shares of the bank’s stock valued at $405,000 after acquiring an additional 1,062 shares in the last quarter. FMR LLC raised its stake in shares of BanColombia by 24.5% during the first quarter. FMR LLC now owns 1,446,421 shares of the bank’s stock valued at $57,669,000 after acquiring an additional 284,460 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of BanColombia by 1.8% during the first quarter. Legal & General Group Plc now owns 325,955 shares of the bank’s stock valued at $13,004,000 after acquiring an additional 5,700 shares in the last quarter. 14.96% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on the stock. BidaskClub downgraded shares of BanColombia from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of BanColombia from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Friday, September 15th. Santander downgraded shares of BanColombia from a “hold” rating to an “underperform” rating in a research note on Wednesday, September 20th. J P Morgan Chase & Co downgraded shares of BanColombia from a “neutral” rating to an “underweight” rating and set a $41.00 price target for the company. in a research note on Wednesday, October 4th. Finally, HSBC Holdings plc downgraded shares of BanColombia from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $46.33.

BanColombia S.A. (CIB) opened at 45.26 on Monday. BanColombia S.A. has a one year low of $31.98 and a one year high of $48.74. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of 10.68 and a beta of 0.32. The company’s 50-day moving average is $46.17 and its 200 day moving average is $43.60.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Thursday, September 28th will be issued a dividend of $0.3278 per share. The ex-dividend date of this dividend is Wednesday, September 27th. This is a positive change from BanColombia’s previous quarterly dividend of $0.33. This represents a $1.31 dividend on an annualized basis and a yield of 2.90%. BanColombia’s dividend payout ratio is 28.64%.

ILLEGAL ACTIVITY NOTICE: “BanColombia S.A. (CIB) Shares Bought by UBS Asset Management Americas Inc.” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another domain, it was copied illegally and republished in violation of Un

Several other institutional investors also recently bought and sold shares of CIB. BNP Paribas Arbitrage SA raised its stake in shares of BanColombia by 9,646.2% during the first quarter. BNP Paribas Arbitrage SA now owns 7,602 shares of the bank’s stock valued at $303,000 after acquiring an additional 7,524 shares in the last quarter. Comerica Bank raised its stake in shares of BanColombia by 1.3% during the first quarter. Comerica Bank now owns 6,480 shares of the bank’s stock valued at $252,000 after acquiring an additional 85 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of BanColombia by 11.7% during the first quarter. Envestnet Asset Management Inc. now owns 10,165 shares of the bank’s stock valued at $405,000 after acquiring an additional 1,062 shares in the last quarter. FMR LLC raised its stake in shares of BanColombia by 24.5% during the first quarter. FMR LLC now owns 1,446,421 shares of the bank’s stock valued at $57,669,000 after acquiring an additional 284,460 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of BanColombia by 1.8% during the first quarter. Legal & General Group Plc now owns 325,955 shares of the bank’s stock valued at $13,004,000 after acquiring an additional 5,700 shares in the last quarter. 14.96% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on the stock. BidaskClub downgraded shares of BanColombia from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of BanColombia from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Friday, September 15th. Santander downgraded shares of BanColombia from a “hold” rating to an “underperform” rating in a research note on Wednesday, September 20th. J P Morgan Chase & Co downgraded shares of BanColombia from a “neutral” rating to an “underweight” rating and set a $41.00 price target for the company. in a research note on Wednesday, October 4th. Finally, HSBC Holdings plc downgraded shares of BanColombia from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $46.33.

BanColombia S.A. (CIB) opened at 45.26 on Monday. BanColombia S.A. has a one year low of $31.98 and a one year high of $48.74. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of 10.68 and a beta of 0.32. The company’s 50-day moving average is $46.17 and its 200 day moving average is $43.60.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Thursday, September 28th will be issued a dividend of $0.3278 per share. The ex-dividend date of this dividend is Wednesday, September 27th. This is a positive change from BanColombia’s previous quarterly dividend of $0.33. This represents a $1.31 dividend on an annualized basis and a yield of 2.90%. BanColombia’s dividend payout ratio is 28.64%.

ILLEGAL ACTIVITY NOTICE: “BanColombia S.A. (CIB) Shares Bought by UBS Asset Management Americas Inc.” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/09/bancolombia-s-a-cib-shares-bought-by-ubs-asset-management-americas-inc.html.

About BanColombia

Bancolombia SA (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, 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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