Bancolombia Sa (CIB) Shareholder River & Mercantile Asset Management Llp Cut Its Position

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 $1.89M, 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 $12.02 billion 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 $4.01B and $1.43B US Long portfolio, upped its stake in Mckesson Corp (NYSE:MCK) by 49,900 shares to 533,637 shares, valued at $62.47M in 2019Q1, according to the filing. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 21,480 shares in the quarter, for a total of 55,640 shares, and has risen its stake in Spotify Technology Sa.

More notable recent Bancolombia S.A. (NYSE:CIB) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For August 6, 2019 – Benzinga” on August 06, 2019, also Seekingalpha.com with their article: “Bancolombia S.A. (CIB) CEO Juan Carlos Mora Uribe on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” published on February 22, 2019, Seekingalpha.com published: “GXG: Colombia Macro Outlook 2019 – Seeking Alpha” on July 08, 2019. More interesting news about Bancolombia S.A. (NYSE:CIB) were released by: Seekingalpha.com and their article: “Bancolombia: Favorable Economic Conditions May Provide Excess Returns – Seeking Alpha” published on August 29, 2018 as well as Seekingalpha.com‘s news article titled: “Bancolombia S.A. (CIB) CEO Juan Carlos Mora on Q2 2019 Results – Earnings Call Transcript – Seeking Alpha” with publication date: August 07, 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 stock has “Neutral” rating by Credit Suisse on Tuesday, August 6. The rating was upgraded by JP Morgan to “Overweight” on Tuesday, August 6. On Wednesday, February 27 the stock rating was maintained by Credit Suisse with “Hold”. On Monday, February 25 the stock rating was upgraded by J.P. Morgan to “Hold”.

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

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