Envestnet Asset Management Inc. Has $1.53 Million Stock Holdings in Bancolombia S.A. (NYSE:CIB)

Envestnet Asset Management Inc. lifted its position in shares of Bancolombia S.A. (NYSE:CIBGet Rating) by 9.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,546 shares of the bank’s stock after purchasing an additional 4,106 shares during the period. Envestnet Asset Management Inc.’s holdings in Bancolombia were worth $1,528,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CIB. Signaturefd LLC increased its stake in shares of Bancolombia by 4.4% during the 1st quarter. Signaturefd LLC now owns 6,220 shares of the bank’s stock worth $265,000 after purchasing an additional 264 shares during the last quarter. abrdn plc acquired a new position in Bancolombia in the 1st quarter valued at about $430,000. Advisor Group Holdings Inc. grew its stake in Bancolombia by 12.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 5,173 shares of the bank’s stock valued at $221,000 after buying an additional 553 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Bancolombia by 6.0% in the 1st quarter. Russell Investments Group Ltd. now owns 221,845 shares of the bank’s stock valued at $9,463,000 after buying an additional 12,474 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in Bancolombia in the 1st quarter valued at about $337,000. 2.44% of the stock is currently owned by institutional investors and hedge funds.

Bancolombia Stock Performance

NYSE CIB opened at $25.40 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.03 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $6.11 billion, a P/E ratio of 3.80, a P/E/G ratio of 0.22 and a beta of 1.23. Bancolombia S.A. has a 12-month low of $23.86 and a 12-month high of $45.98. The firm has a 50-day moving average price of $25.85 and a two-hundred day moving average price of $30.67.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CIB. TheStreet lowered shares of Bancolombia from a “b-” rating to a “c+” rating in a research note on Wednesday, July 27th. Credit Suisse Group upgraded shares of Bancolombia from a “neutral” rating to an “outperform” rating and set a $35.00 price target on the stock in a research note on Tuesday, August 2nd. Finally, UBS Group upgraded shares of Bancolombia from a “sell” rating to a “neutral” rating and decreased their price target for the company from $29.00 to $27.00 in a research note on Wednesday, October 19th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Bancolombia has an average rating of “Moderate Buy” and a consensus price target of $41.17.

About Bancolombia

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Bancolombia SA provides banking products and services in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica, and Guatemala. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.

See Also

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Institutional Ownership by Quarter for Bancolombia (NYSE:CIB)

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