Baillie Gifford & Co. purchased a new position in shares of Bancolombia SA (NYSE:CIB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 562,894 shares of the bank’s stock, valued at approximately $21,446,000. Baillie Gifford & Co. owned about 0.23% of Bancolombia at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Bancolombia by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,754,870 shares of the bank’s stock worth $156,653,000 after purchasing an additional 13,683 shares during the last quarter. Vanguard Group Inc lifted its holdings in Bancolombia by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 3,754,870 shares of the bank’s stock worth $156,653,000 after purchasing an additional 13,683 shares during the last quarter. Genesis Asset Managers LLP lifted its holdings in Bancolombia by 43.9% during the 4th quarter. Genesis Asset Managers LLP now owns 2,255,752 shares of the bank’s stock worth $85,944,000 after purchasing an additional 687,889 shares during the last quarter. BlackRock Inc. lifted its holdings in Bancolombia by 36.5% during the 3rd quarter. BlackRock Inc. now owns 1,737,961 shares of the bank’s stock worth $72,509,000 after purchasing an additional 464,691 shares during the last quarter. Finally, Carillon Tower Advisers Inc. lifted its holdings in Bancolombia by 4.5% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 346,990 shares of the bank’s stock worth $14,476,000 after purchasing an additional 14,847 shares during the last quarter. 6.56% of the stock is owned by institutional investors and hedge funds.

CIB has been the subject of several analyst reports. Zacks Investment Research cut Bancolombia from a “hold” rating to a “sell” rating in a report on Monday, December 17th. ValuEngine raised Bancolombia from a “sell” rating to a “hold” rating in a report on Friday, November 16th. Santander cut Bancolombia from a “hold” rating to an “underperform” rating in a report on Monday, November 19th. JPMorgan Chase & Co. raised Bancolombia from an “underweight” rating to a “neutral” rating in a report on Monday, February 25th. Finally, Bank of America raised Bancolombia from a “neutral” rating to a “buy” rating in a report on Tuesday, January 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.00.

Shares of NYSE CIB opened at $50.79 on Friday. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 0.91 and a beta of 0.66. The company has a quick ratio of 1.12, a current ratio of 1.11 and a debt-to-equity ratio of 0.76. Bancolombia SA has a fifty-two week low of $35.52 and a fifty-two week high of $51.38.

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Bancolombia Company Profile

Bancolombia SA provides various banking products and services to individual, corporate, and government customers in Colombia, Latin America, and the Caribbean region. The company operates in nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, Off Shore, and All Other.

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Institutional Ownership by Quarter for Bancolombia (NYSE:CIB)

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