Bancolombia (CIB)

About: BanColombia SA is a financial services company. A conglomerate of financial institutions, BanColombia offers a wide range of product offerings and financial services, including loans to small and midsize enterprises and governments, leasing, factoring, and asset management. The company's operations are in Colombia, Panama, El Salvador, the United States of America, Puerto Rico, Bermuda, and Guatemala.

Employees: 33,887

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

144% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 9

60% more call options, than puts

Call options by funds: $1.33M | Put options by funds: $833K

44% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 45

33% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]

10% more funds holding

Funds holding: 135 [Q1] → 148 (+13) [Q2]

0.7% less ownership

Funds ownership: 5.65% [Q1] → 4.95% (-0.7%) [Q2]

6% less capital invested

Capital invested by funds: $872M [Q1] → $819M (-$52.4M) [Q2]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $32 2% upside
• Avg. target: $34 9% upside
• High target: $36 15% upside

4 analyst ratings

• positive: 0 0%
• neutral: 0 0%
• negative: 4 100%

B of A Securities Ernesto Gabilondo 100% 1-year accuracy 1 / 1 met price target	8% upside $34	Underperform Downgraded	29 Aug 2024
Goldman Sachs Tito Labarta 31% 1-year accuracy 4 / 13 met price target	2% upside $32	Sell Downgraded	20 Aug 2024
JP Morgan Yuri Fernandes 90% 1-year accuracy 9 / 10 met price target	12% upside $35	Underweight Maintained	12 Aug 2024
JP Morgan Yuri Fernandes 90% 1-year accuracy 9 / 10 met price target	15% upside $36	Underweight Maintained	10 Jul 2024