XTX Topco Ltd Has $1.11 Million Stock Holdings in BanColombia S.A. (NYSE:CIB)

Key Points

• XTX Topco Ltd significantly increased its investment in BanColombia S.A. by 139.1% during the first quarter, bringing its total holdings to 27,607 shares valued at approximately $1.11 million.
• Multiple large investors have also adjusted their positions in BanColombia, with notable acquisitions including Itau Unibanco's $24.8 million stake and JPMorgan Chase's 40% increase in holdings.
• Analysts maintain a "neutral" rating for BanColombia with a target price increase to $38.00, reflecting a consensus rating of "Hold" with a target average price of $39.00.

XTX Topco Ltd grew its position in shares of BanColombia S.A. (NYSE:CIB - Free Report) by 139.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,607 shares of the bank's stock after purchasing an additional 16,063 shares during the period. XTX Topco Ltd's holdings in BanColombia were worth $1,110,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Whipplewood Advisors LLC lifted its holdings in BanColombia by 4,800.9% in the first quarter. Whipplewood Advisors LLC now owns 5,195 shares of the bank's stock worth $209,000 after purchasing an additional 5,089 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings 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 worth $247,000 after acquiring an additional 1,085 shares during the last quarter. Wealthquest Corp acquired a new stake in shares of BanColombia during the 1st quarter worth $290,000. Quadrant Capital Group LLC lifted its position in shares of BanColombia by 13.3% during the 4th quarter. Quadrant Capital Group LLC now owns 9,587 shares of the bank's stock worth $302,000 after buying an additional 1,128 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC increased its holdings in BanColombia by 7.5% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 9,628 shares of the bank's stock worth $303,000 after purchasing an additional 668 shares in the last quarter.

Wall Street Analyst Weigh In

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

BanColombia Price Performance

BanColombia stock traded up $0.41 during midday trading on Wednesday, reaching $45.35. The company had a trading volume of 151,220 shares, compared to its average volume of 394,009. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00. The firm's fifty day simple moving average is $44.11 and its 200-day simple moving average is $41.78. BanColombia S.A. has a 12-month low of $30.57 and a 12-month high of $46.81. The company has a market capitalization of $10.90 billion, a P/E ratio of 7.27, a P/E/G ratio of 0.97 and a beta of 0.92.

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.