Motley Fool Wealth Management LLC Sells 3,634 Shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX)

Motley Fool Wealth Management LLC lowered its position in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 310,129 shares of the bank’s stock after selling 3,634 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Banco Latinoamericano de Comercio Exterior, S. A. were worth $7,670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BLX. Los Angeles Capital Management LLC bought a new position in shares of Banco Latinoamericano de Comercio Exterior, S. A. in the third quarter worth $976,000. Ramirez Asset Management Inc. bought a new position in Banco Latinoamericano de Comercio Exterior, S. A. in the 3rd quarter valued at about $630,000. Finally, Diversified Trust Co bought a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the 3rd quarter worth approximately $488,000. Institutional investors and hedge funds own 19.47% of the company’s stock.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Up 2.1 %

Shares of NYSE BLX traded up $0.61 during midday trading on Friday, reaching $29.58. The stock had a trading volume of 139,581 shares, compared to its average volume of 107,910. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.00 and a current ratio of 2.08. The company’s 50 day moving average price is $28.58 and its 200 day moving average price is $25.67. Banco Latinoamericano de Comercio Exterior, S. A. has a twelve month low of $17.09 and a twelve month high of $31.62. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 5.99 and a beta of 1.21.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) last released its earnings results on Thursday, February 22nd. The bank reported $1.27 EPS for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a return on equity of 15.51% and a net margin of 23.34%. The business had revenue of $77.79 million during the quarter. As a group, sell-side analysts expect that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 EPS for the current year.

Banco Latinoamericano de Comercio Exterior, S. A. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Monday, April 29th will be paid a $0.50 dividend. This is an increase from Banco Latinoamericano de Comercio Exterior, S. A.’s previous quarterly dividend of $0.39. This represents a $2.00 annualized dividend and a yield of 6.76%. The ex-dividend date is Friday, April 26th. Banco Latinoamericano de Comercio Exterior, S. A.’s payout ratio is 40.49%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Banco Latinoamericano de Comercio Exterior, S. A. from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th.

Banco Latinoamericano de Comercio Exterior, S. A. Profile

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It also offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.