Goldman Sachs Group Inc. Has $5.71 Million Holdings in BanColombia S.A. $CIB

Key Points

• Goldman Sachs increased its stake in BanColombia S.A. by 62.3% in Q1, acquiring 54,497 additional shares, bringing its total to 142,018 shares valued at approximately $5.7 million.
• Several other institutional investors have also increased their positions in BanColombia, including SVB Wealth LLC and Whipplewood Advisors LLC, with Whipplewood growing its stake by nearly 4,801%.
• BanColombia's stock has received mixed ratings from analysts, with a consensus rating of "Reduce" and a price target set at an average of $43.75, although UBS recently raised its target to $38.00.

Goldman Sachs Group Inc. boosted its position in shares of BanColombia S.A. (NYSE:CIB - Free Report) by 62.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,018 shares of the bank's stock after purchasing an additional 54,497 shares during the period. Goldman Sachs Group Inc. owned about 0.06% of BanColombia worth $5,709,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. RWC Asset Management LLP acquired a new stake in BanColombia in the 1st quarter valued at approximately $12,536,000. Millennium Management LLC raised its position in BanColombia by 527.0% in the 1st quarter. Millennium Management LLC now owns 316,877 shares of the bank's stock valued at $12,738,000 after buying an additional 266,341 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in BanColombia by 176.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 239,710 shares of the bank's stock valued at $9,636,000 after buying an additional 153,058 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in shares of BanColombia by 143.4% during the 4th quarter. Voloridge Investment Management LLC now owns 190,469 shares of the bank's stock worth $6,002,000 after buying an additional 112,208 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of BanColombia by 190.9% during the 4th quarter. Northern Trust Corp now owns 138,083 shares of the bank's stock worth $4,351,000 after buying an additional 90,616 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CIB shares. Zacks Research cut BanColombia from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Bank of America reissued an "underperform" rating on shares of BanColombia in a research report on Thursday, September 11th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $38.00 target price (up from $35.00) on shares of BanColombia in a report on Monday, June 2nd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $43.75.

BanColombia Stock Performance

BanColombia stock traded down $0.41 during trading hours on Thursday, hitting $51.62. The company had a trading volume of 240,556 shares, compared to its average volume of 388,010. The firm has a market cap of $12.41 billion, a PE ratio of 7.83, a PEG ratio of 1.02 and a beta of 0.97. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.00 and a quick ratio of 1.00. BanColombia S.A. has a one year low of $30.65 and a one year high of $53.99. The firm has a 50-day moving average of $47.96 and a 200 day moving average of $44.02.

BanColombia (NYSE:CIB - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The bank reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.13. BanColombia had a net margin of 15.30% and a return on equity of 19.77%. The business had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.75 billion. On average, sell-side analysts expect that BanColombia S.A. will post 6 earnings per share for the current year.

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.