Uniplan Investment Counsel Inc. Cuts Stake in 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. trimmed its holdings in shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Free Report) by 19.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and 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.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BLX. LSV Asset Management raised its holdings in shares of Banco Latinoamericano de Comercio Exterior by 2.4% during the first 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. GAMMA Investing LLC grew its position in Banco Latinoamericano de Comercio Exterior by 4,087.0% during the 1st quarter. GAMMA Investing LLC now owns 26,462 shares of the bank's stock worth $969,000 after purchasing an additional 25,830 shares during the period. Finally, SBI Securities Co. Ltd. raised its stake in shares of 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 valued at $105,000 after buying an additional 769 shares during the last quarter. Institutional investors and hedge funds own 19.47% of the company's stock.

Analyst Ratings Changes

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

Banco Latinoamericano de Comercio Exterior Trading Down 1.4%

Shares of Banco Latinoamericano de Comercio Exterior stock traded down $0.70 during trading hours on Friday, reaching $47.62. The stock had a trading volume of 115,617 shares, compared to its average volume of 125,407. The stock's 50 day moving average is $43.73 and its 200 day moving average is $40.75. Banco Latinoamericano de Comercio Exterior, S.A. has a twelve month low of $30.34 and a twelve month high of $48.38. The firm has a market capitalization of $1.77 billion, a PE ratio of 7.98 and a beta of 0.89.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The bank reported $1.73 earnings per share for the quarter. The firm had revenue of $90.04 million during the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 16.23% and a net margin of 26.32%. As a group, sell-side analysts predict that Banco Latinoamericano de Comercio Exterior, S.A. will post 4.6 earnings per share for the current year.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Friday, August 15th. Banco Latinoamericano de Comercio Exterior's dividend payout ratio is presently 41.88%.

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.