Barings LLC Invests $831,000 in BanColombia S.A. (NYSE:CIB)

Key Points

• Barings LLC invested approximately $831,000 in BanColombia S.A. during the first quarter, acquiring 20,666 shares of the bank's stock.
• UBS Group has reissued a "neutral" rating for BanColombia with a price target raised to $38.00, while the consensus price target stands at $39.00.
• BanColombia's stock is currently trading at $44.13, with a market cap of $10.61 billion and a P/E ratio of 7.07.

Barings LLC acquired a new stake in BanColombia S.A. (NYSE:CIB - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,666 shares of the bank's stock, valued at approximately $831,000.

Several other large investors also recently modified their holdings of the company. Whipplewood Advisors LLC boosted its position in BanColombia by 4,800.9% during the first quarter. Whipplewood Advisors LLC now owns 5,195 shares of the bank's stock valued at $209,000 after acquiring an additional 5,089 shares during the last quarter. JBF Capital Inc. acquired a new position in shares of BanColombia in the 1st quarter valued at about $241,000. Mercer Global Advisors Inc. ADV boosted its position in shares of BanColombia by 16.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824 shares of the bank's stock valued at $247,000 after purchasing an additional 1,085 shares in the last quarter. US Bancorp DE boosted its position in shares of BanColombia by 14.3% during the 1st quarter. US Bancorp DE now owns 6,394 shares of the bank's stock valued at $257,000 after purchasing an additional 800 shares in the last quarter. Finally, Wealthquest Corp acquired a new stake in BanColombia during the first quarter worth approximately $290,000.

Analyst Ratings Changes

Separately, UBS Group reissued a "neutral" rating and issued a $38.00 price target (up from $35.00) on shares of BanColombia in a research note on Monday, June 2nd. Three investment 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 MarketBeat, BanColombia presently has an average rating of "Hold" and a consensus price target of $39.00.

BanColombia Trading Up 1.6%

CIB opened at $44.13 on Friday. The company has a fifty day moving average price of $43.99 and a two-hundred day moving average price of $41.54. BanColombia S.A. has a 1-year low of $30.25 and a 1-year high of $46.81. The company has a market cap of $10.61 billion, a P/E ratio of 7.07, a price-to-earnings-growth ratio of 0.94 and a beta of 0.93. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.26.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.