BanColombia S.A. (NYSE:CIB).
Genesis Asset Managers, Llp lowered its position in BanColombia S.A. by 37,405 shares in the quarter ending 06/30/2017. Its investment was worth $73,093,000 an increase of 9.2% as of the end of the quarter.
Here are some other firms who have updated their holdings. Capstone Asset Management Co expanded its stake by buying 3,850 shares an increase of 27.7% in the quarter. Capstone Asset Management Co currently owns 17,742 shares worth $790,000. The value of the position overall is up by 42.6%. Nomura Asset Management Co Ltd bolstered its investment by buying 275 shares an increase of 5.8%. Nomura Asset Management Co Ltd claims 5,021 shares with a value of $200,000. The total value of its holdings increased 14.9%.
As of the end of the quarter Boston Common Asset Management, LLC had disposed of a total of 1,725 shares trimming its position 18.7%. The value of the investment in BanColombia S.A. went from $339,000 to $299,000 decreasing 11.8% quarter over quarter.
On May 22 the stock rating was downgraded from “Buy” to “Hold” by Standpoint Research. On December 13, 2016 the stock rating was set at “Overweight” in a report from Morgan Stanley which was a boost from the previous “” rating.
Credit Suisse downgraded the stock and raised the price target on October 6 boosting the price target from $38.00 to $40.00 and altering the rating from “Outperform” to “Neutral”. On October 6 the company was downgraded to “Neutral” from “” with a current price target of $40.00 in a report issued by .
On October 6 the company was downgraded from “Outperform” to “Neutral” and a price target of $40.00 was set in a statement from Credit Suisse. On August 22 the company was changed to a “Buy” according to a Deutsche Bank report which is up from the previous “” rating.
The company is so far trading up from yesterday’s close of $44.52. The company also recently announced a dividend for shareholders payable on Friday the 14th of July 2017. The dividend payment will be $0.313 per share for the quarter or $1.25 annualized. The dividend yield will be $2.84. The ex-dividend date will be on Thursday March 30th, 2017.
The stock is trading at $45.24 which is marginally over $44.34, the stock’s 50 day moving average and slightly over the 200 day moving average of $39.88. The 50 day moving average went up $0.94 or +2.11% whereas the 200 day moving average was up $5.40 or +13.54%.
BanColombia S.A.’s P/E ratio is 10.72 and the market cap is 10.89B. As of the latest earnings report the EPS was $4.22 and is expected to be $3.75 for the current year with 240,456,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.98 with next year’s EPS anticipated to be $4.18.