Uniplan Investment Counsel Inc. Sells 51,803 Shares of Banco Latinoamericano de Comercio Exterior, S.A. $BLX

Key Points

• Uniplan Investment Counsel Inc. reduced its stake in Banco Latinoamericano de Comercio Exterior by 19.7%, selling 51,803 shares in the first quarter, but still holds approximately 0.58% of the company worth $7.7 million.
• Several institutional investors have increased their holdings in Banco Latinoamericano de Comercio Exterior, with notable increases from SBI Securities Co. Ltd. (36.8%) and GAMMA Investing LLC (4,087%).
• The bank recently announced a quarterly dividend of $0.625, representing a 5.4% annualized yield and a payout ratio of 41.88%.

Uniplan Investment Counsel Inc. lessened its position in shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Free Report) by 19.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 211,409 shares of the bank's stock after selling 51,803 shares during the period. Uniplan Investment Counsel Inc. owned approximately 0.58% of Banco Latinoamericano de Comercio Exterior worth $7,738,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BLX. LSV Asset Management lifted its holdings in Banco Latinoamericano de Comercio Exterior by 2.4% during the 1st quarter. LSV Asset Management now owns 1,185,460 shares of the bank's stock worth $43,388,000 after purchasing an additional 27,285 shares during the last quarter. SBI Securities Co. Ltd. increased its position in Banco Latinoamericano de Comercio Exterior by 36.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,859 shares of the bank's stock worth $105,000 after buying an additional 769 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior by 4,087.0% during the first quarter. GAMMA Investing LLC now owns 26,462 shares of the bank's stock worth $969,000 after buying an additional 25,830 shares in the last quarter. Institutional investors and hedge funds own 19.47% of the company's stock.

Banco Latinoamericano de Comercio Exterior Price Performance

Shares of NYSE BLX opened at $46.57 on Friday. The business has a fifty day moving average price of $43.21 and a two-hundred day moving average price of $40.53. The stock has a market capitalization of $1.73 billion, a PE ratio of 7.80 and a beta of 0.89. Banco Latinoamericano de Comercio Exterior, S.A. has a fifty-two week low of $29.78 and a fifty-two week high of $47.43.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The bank reported $1.73 EPS for the quarter. The company had revenue of $90.04 million for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 16.23% and a net margin of 26.32%. On average, equities analysts expect that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 EPS for the current year.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were given a $0.625 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.50 annualized dividend and a dividend yield of 5.4%. Banco Latinoamericano de Comercio Exterior's payout ratio is presently 41.88%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Banco Latinoamericano de Comercio Exterior from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th.

About Banco Latinoamericano de Comercio Exterior

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates in two segments, Commercial and Treasury. It offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.

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