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

Capital Wealth Planning LLC boosted its position in Bancolombia S.A. (NYSE:CIB) by 8.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its position in Bancolombia by 96.5% during the third quarter. Blue Trust Inc. now owns 1,305 shares of the bank’s stock worth $43,000 after buying an additional 641 shares in the last quarter. US Bancorp DE increased its position in Bancolombia by 18.9% during the third quarter. US Bancorp DE now owns 5,282 shares of the bank’s stock worth $166,000 after buying an additional 839 shares in the last quarter. BSW Wealth Partners increased its position in Bancolombia by 15.7% during the third quarter. BSW Wealth Partners now owns 16,626 shares of the bank’s stock worth $522,000 after buying an additional 2,251 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Bancolombia by 12.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,323,482 shares of the bank’s stock worth $41,531,000 after buying an additional 150,022 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in Bancolombia by 37.8% during the third quarter. QRG Capital Management Inc. now owns 14,811 shares of the bank’s stock worth $465,000 after buying an additional 4,065 shares in the last quarter.

Bancolombia Price Performance

CIB stock opened at $41.72 on Friday. Bancolombia S.A. has a 52-week low of $30.25 and a 52-week high of $44.25. The stock’s fifty day simple moving average is $36.55 and its 200-day simple moving average is $33.84. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 6.62, a price-to-earnings-growth ratio of 2.47 and a beta of 1.22.

Bancolombia (NYSE:CIB) last posted its quarterly earnings data on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.22. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Equities research analysts expect that Bancolombia S.A. will post 6 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Bancolombia Profile

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.