As Bancolombia Sa (CIB) Stock Value Declined, Holder River & Mercantile Asset Management Llp Lowered Its Position by $3.86 Million

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 $1.43 billion US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 27,870 shares to 111,104 shares, valued at $18.52 million in 2019Q1, according to the filing. It also increased its holding in Spotify Technology Sa by 21,770 shares in the quarter, for a total of 91,551 shares, and has risen its stake in Baidu Inc (NASDAQ:BIDU).

More notable recent Bancolombia S.A. (NYSE:CIB) news were published by: Seekingalpha.com which released: “GXG: Colombia Macro Outlook 2019 – Seeking Alpha” on July 08, 2019, also Nasdaq.com with their article: “Financial Sector Update for 08/06/2019: CIB,BHF,FIS,APLE – Nasdaq” published on August 06, 2019, Finance.Yahoo.com published: “Is The Liberty SiriusXM Group (LSXMK) A Good Stock To Buy? – Yahoo Finance” on June 10, 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 Benzinga.com‘s news article titled: “Earnings Scheduled For May 9, 2019 – Benzinga” with publication date: May 09, 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. Credit Suisse upgraded Bancolombia S.A. (NYSE:CIB) rating on Tuesday, August 6. Credit Suisse has “Neutral” rating and $5300 target. The stock of Bancolombia S.A. (NYSE:CIB) earned “Overweight” rating by JP Morgan on Tuesday, August 6. The firm earned “Hold” rating on Wednesday, February 27 by Credit Suisse. The stock has “Hold” rating by J.P. Morgan on Monday, February 25.

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

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