Allianz Asset Management GmbH Acquires 48,728 Shares of BanColombia S.A. (NYSE:CIB)

Allianz Asset Management GmbH raised its stake in BanColombia S.A. (NYSE:CIB - Free Report) by 106.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,386 shares of the bank's stock after acquiring an additional 48,728 shares during the period. Allianz Asset Management GmbH's holdings in BanColombia were worth $3,794,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in BanColombia by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 3,099,224 shares of the bank's stock worth $97,657,000 after purchasing an additional 19,499 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in BanColombia by 12.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 928,679 shares of the bank's stock worth $29,263,000 after purchasing an additional 102,015 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in BanColombia in the fourth quarter worth about $24,801,000. JPMorgan Chase & Co. boosted its position in BanColombia by 40.0% in the fourth quarter. JPMorgan Chase & Co. now owns 484,281 shares of the bank's stock worth $15,260,000 after purchasing an additional 138,461 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in BanColombia by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 365,603 shares of the bank's stock worth $11,523,000 after purchasing an additional 14,293 shares during the last quarter.

BanColombia Stock Performance

Shares of NYSE CIB traded up $0.18 during trading on Friday, hitting $43.60. The company had a trading volume of 106,301 shares, compared to its average volume of 396,776. The stock has a 50 day simple moving average of $43.94 and a 200 day simple moving average of $41.46. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.00 and a current ratio of 1.00. BanColombia S.A. has a 12 month low of $30.25 and a 12 month high of $46.81. The firm has a market capitalization of $10.48 billion, a P/E ratio of 6.98, a price-to-earnings-growth ratio of 0.95 and a beta of 0.93.

Analyst Upgrades and Downgrades

Separately, UBS Group reaffirmed a "neutral" rating and issued a $38.00 price objective (up previously from $35.00) on shares of BanColombia in a research note on Monday, June 2nd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $39.00.

BanColombia Company 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.