Bancolombia SA (CIB) Sees Unusually-High Trading Volume
Bancolombia SA (NYSE:CIB) shares saw strong trading volume on Thursday . 321,612 shares changed hands during mid-day trading, an increase of 59% from the previous session’s volume of 202,896 shares.The stock last traded at $37.40 and had previously closed at $36.63.
A number of research analysts have commented on the stock. Zacks Investment Research cut shares of Bancolombia SA from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. HSBC cut shares of Bancolombia SA from a “buy” rating to a “hold” rating in a research report on Wednesday, May 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Bancolombia SA has an average rating of “Hold” and a consensus price target of $39.25.
The firm has a market cap of $9.05 billion and a price-to-earnings ratio of 12.38. The stock has a 50 day moving average of $34.83 and a 200 day moving average of $33.76.
An institutional investor recently raised its position in Bancolombia SA stock. Morgan Stanley increased its position in Bancolombia SA (NYSE:CIB) by 160.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,261 shares of the company’s stock after buying an additional 31,559 shares during the period. Morgan Stanley’s holdings in Bancolombia SA were worth $1,371,000 as of its most recent filing with the SEC.
Bancolombia SA is a commercial bank. The Bank provides financial products and services to a diversified individual, corporate and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank and its subsidiaries offer savings and investment, financing, mortgage banking, factoring, financial and operating leases, capital markets, eTrading, cash management, foreign currency, insurance, investment banking, and trust and fiduciary services.
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