Bancolombia (NYSE:CIB – Get Free Report) had its target price decreased by stock analysts at JPMorgan Chase & Co. from $36.00 to $35.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “underweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 4.42% from the stock’s current price.
Separately, Bank of America assumed coverage on Bancolombia in a report on Thursday, May 2nd. They set a “neutral” rating and a $38.00 price target on the stock. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, Bancolombia presently has a consensus rating of “Hold” and an average price target of $33.12.
Read Our Latest Research Report on CIB
Bancolombia Stock Up 1.6 %
Institutional Trading of Bancolombia
Hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC increased its position in shares of Bancolombia by 164.9% during the 4th quarter. Parallel Advisors LLC now owns 2,069 shares of the bank’s stock worth $64,000 after purchasing an additional 1,288 shares during the last quarter. Virtus Investment Advisers Inc. acquired a new position in Bancolombia in the 1st quarter valued at about $89,000. V Square Quantitative Management LLC acquired a new position in Bancolombia in the 4th quarter valued at about $117,000. Barometer Capital Management Inc. acquired a new position in Bancolombia in the 4th quarter valued at about $123,000. Finally, Signaturefd LLC grew its position in Bancolombia by 26.1% in the 4th quarter. Signaturefd LLC now owns 4,425 shares of the bank’s stock valued at $136,000 after acquiring an additional 916 shares in the last quarter.
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.
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