Capstone Asset Management Co. increased its position in BanColombia S.A. (NYSE:CIB) by 27.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 17,742 shares of the bank’s stock after buying an additional 3,850 shares during the period. Capstone Asset Management Co.’s holdings in BanColombia were worth $790,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of BanColombia by 5.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 5,021 shares of the bank’s stock worth $200,000 after buying an additional 275 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of BanColombia by 1,627.3% in the first quarter. Tower Research Capital LLC TRC now owns 5,700 shares of the bank’s stock worth $227,000 after buying an additional 5,370 shares in the last quarter. INCA Investments LLC boosted its stake in shares of BanColombia by 9.4% in the first quarter. INCA Investments LLC now owns 1,396,600 shares of the bank’s stock worth $55,682,000 after buying an additional 119,940 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in shares of BanColombia during the first quarter worth approximately $12,394,000. Finally, Barings LLC bought a new stake in shares of BanColombia during the first quarter worth approximately $2,989,000. 15.94% of the stock is currently owned by hedge funds and other institutional investors.

BanColombia S.A. (CIB) traded up 2.42% during trading on Friday, reaching $44.05. The company had a trading volume of 168,253 shares. The stock has a market capitalization of $10.59 billion, a P/E ratio of 10.71 and a beta of 0.32. BanColombia S.A. has a 12-month low of $31.98 and a 12-month high of $47.20. The stock has a 50 day moving average of $44.02 and a 200-day moving average of $41.53.

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A number of analysts have recently commented on the company. Zacks Investment Research raised BanColombia from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Tuesday. HSBC Holdings plc cut BanColombia from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub cut BanColombia from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $41.00 price target (down from $42.00) on shares of BanColombia in a research report on Monday, June 5th. Finally, Credit Suisse Group set a $45.00 price objective on BanColombia and gave the company a “hold” rating in a research report on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $45.50.

About BanColombia

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.

Institutional Ownership by Quarter for BanColombia (NYSE:CIB)

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