Bancolombia Sa (CIB) Holder River & Mercantile Asset Management Llp Trimmed Its Stake by $3.86 Million as Share Value Declined

Bancolombia S.A. (NYSE:CIB) Logo

River & Mercantile Asset Management Llp decreased its stake in Bancolombia Sa (CIB) by 67.17% based on its latest 2019Q1 regulatory filing with the SEC. River & Mercantile Asset Management Llp sold 75,700 shares as the company’s stock declined 0.50% . The institutional investor held 37,000 shares of the commercial banks company at the end of 2019Q1, valued at $1.89 million, down from 112,700 at the end of the previous reported quarter. River & Mercantile Asset Management Llp who had been investing in Bancolombia Sa for a number of months, seems to be less bullish one the $12.02B market cap company. The stock increased 0.95% or $0.47 during the last trading session, reaching $49.99. About 343,751 shares traded or 34.03% up from the average. Bancolombia S.A. (NYSE:CIB) has risen 5.66% since August 15, 2018 and is uptrending. It has outperformed by 5.66% the S&P500.

River & Mercantile Asset Management Llp, which manages about $4.01 billion and $1.43B US Long portfolio, upped its stake in Baidu Inc (NASDAQ:BIDU) by 236,810 shares to 1.00 million shares, valued at $165.11M in 2019Q1, according to the filing. It also increased its holding in Mckesson Corp (NYSE:MCK) by 49,900 shares in the quarter, for a total of 533,637 shares, and has risen its stake in Facebook Inc (NASDAQ:FB).

More notable recent Bancolombia S.A. (NYSE:CIB) news were published by: Seekingalpha.com which released: “Bancolombia S.A. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” on February 22, 2019, also Nasdaq.com with their article: “Financial Sector Update for 08/06/2019: CIB,BHF,FIS,APLE – Nasdaq” published on August 06, 2019, Seekingalpha.com published: “Barclays – In Defense Of Investment Banking – Seeking Alpha” on May 17, 2019. More interesting news about Bancolombia S.A. (NYSE:CIB) were released by: Benzinga.com and their article: “Earnings Scheduled For May 9, 2019 – Benzinga” published on May 09, 2019 as well as Seekingalpha.com‘s news article titled: “Bancolombia S.A. (CIB) CEO Juan Carlos Mora Uribe on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: February 22, 2019.

Bancolombia S.A. (NYSE:CIB) Ratings Coverage

Among 3 analysts covering BanColombia (NYSE:CIB), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. BanColombia has $5500 highest and $49 lowest target. $52.33’s average target is 4.68% above currents $49.99 stock price. BanColombia had 10 analyst reports since February 23, 2019 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, August 6 by Credit Suisse. JP Morgan upgraded the stock to “Overweight” rating in Tuesday, August 6 report. The stock of Bancolombia S.A. (NYSE:CIB) earned “Hold” rating by Credit Suisse on Wednesday, February 27. The rating was upgraded by J.P. Morgan to “Hold” on Monday, February 25.

Bancolombia S.A. (NYSE:CIB) Ratings Chart

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