Harding Loevner LP raised its position in shares of Bancolombia SA (NYSE:CIB) by 2.7% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 3,731,715 shares of the company’s stock after buying an additional 97,531 shares during the period. Harding Loevner LP owned 1.55% of Bancolombia SA worth $145,686,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CIB. Wetherby Asset Management Inc. raised its position in Bancolombia SA by 0.9% in the second quarter. Wetherby Asset Management Inc. now owns 7,428 shares of the company’s stock worth $259,000 after buying an additional 66 shares during the period. Bailard Inc. raised its position in Bancolombia SA by 1.6% in the second quarter. Bailard Inc. now owns 17,854 shares of the company’s stock worth $623,000 after buying an additional 279 shares during the period. Panagora Asset Management Inc. raised its position in Bancolombia SA by 1.6% in the second quarter. Panagora Asset Management Inc. now owns 19,001 shares of the company’s stock worth $664,000 after buying an additional 296 shares during the period. Rockefeller Financial Services Inc. raised its position in Bancolombia SA by 3.6% in the second quarter. Rockefeller Financial Services Inc. now owns 14,959 shares of the company’s stock worth $522,000 after buying an additional 516 shares during the period. Finally, World Asset Management Inc raised its position in Bancolombia SA by 8.1% in the second quarter. World Asset Management Inc now owns 7,014 shares of the company’s stock worth $245,000 after buying an additional 528 shares during the period. 12.32% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Bancolombia SA (NYSE:CIB)

Bancolombia SA (NYSE:CIB) traded down 0.74% during midday trading on Friday, hitting $33.67. The company had a trading volume of 308,321 shares. Bancolombia SA has a 52 week low of $23.69 and a 52 week high of $42.58. The firm’s 50 day moving average is $37.71 and its 200-day moving average is $36.57. The firm has a market capitalization of $8.10 billion, a P/E ratio of 10.54 and a beta of 0.58.

A number of equities analysts have commented on CIB shares. Zacks Investment Research upgraded Bancolombia SA from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Wednesday, August 31st. Deutsche Bank AG upgraded Bancolombia SA from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Monday, August 22nd. Finally, Credit Suisse Group AG lowered Bancolombia SA from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $38.00 to $40.00 in a research note on Thursday, October 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Bancolombia SA has a consensus rating of “Hold” and an average target price of $40.63.

About Bancolombia SA

Bancolombia SA (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other.

5 Day Chart for NYSE:CIB

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