Aquatic Capital Management LLC Sells 9,938 Shares of Bancolombia S.A. (NYSE:CIB)

Aquatic Capital Management LLC lowered its holdings in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 46.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,562 shares of the bank's stock after selling 9,938 shares during the period. Aquatic Capital Management LLC's holdings in Bancolombia were worth $364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CIB. Ballentine Partners LLC boosted its stake in Bancolombia by 6.5% during the 4th quarter. Ballentine Partners LLC now owns 11,209 shares of the bank's stock valued at $353,000 after purchasing an additional 680 shares during the last quarter. BSW Wealth Partners boosted its holdings in Bancolombia by 7.9% during the 4th quarter. BSW Wealth Partners now owns 17,932 shares of the bank's stock worth $565,000 after acquiring an additional 1,306 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Bancolombia in the fourth quarter valued at about $121,000. Caprock Group LLC grew its position in Bancolombia by 21.8% in the 4th quarter. Caprock Group LLC now owns 24,324 shares of the bank's stock worth $786,000 after purchasing an additional 4,360 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Bancolombia by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank's stock valued at $72,000 after purchasing an additional 657 shares during the period.

Bancolombia Stock Up 1.2 %

Bancolombia stock traded up $0.49 during trading hours on Thursday, hitting $41.21. The stock had a trading volume of 64,989 shares, compared to its average volume of 313,108. The stock's 50-day moving average price is $40.91 and its 200-day moving average price is $36.76. Bancolombia S.A. has a 12-month low of $30.25 and a 12-month high of $44.93. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $9.91 billion, a P/E ratio of 6.54, a price-to-earnings-growth ratio of 2.47 and a beta of 0.91.

Bancolombia (NYSE:CIB - Get Free Report) last announced its earnings results on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.22. The business had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.41 billion. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. Equities research analysts anticipate that Bancolombia S.A. will post 6 EPS for the current fiscal year.

Bancolombia Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 9th. Stockholders of record on Tuesday, April 29th will be given a $0.5745 dividend. This represents a dividend yield of 17.13%. This is an increase from Bancolombia's previous dividend of $0.30. The ex-dividend date of this dividend is Monday, April 28th. Bancolombia's payout ratio is presently 107.46%.

Wall Street Analysts Forecast Growth

CIB has been the topic of several research reports. The Goldman Sachs Group boosted their target price on Bancolombia from $31.00 to $35.00 and gave the company a "sell" rating in a research note on Monday, February 24th. Morgan Stanley raised Bancolombia from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $40.00 to $53.00 in a report on Tuesday, January 28th.

Bancolombia Profile

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.