Ethic Inc. lifted its holdings in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 10.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,555 shares of the bank's stock after buying an additional 9,258 shares during the period. Ethic Inc.'s holdings in Bancolombia were worth $3,011,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Lindbrook Capital LLC lifted its position in Bancolombia by 74.7% in the fourth quarter. Lindbrook Capital LLC now owns 968 shares of the bank's stock worth $31,000 after purchasing an additional 414 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Bancolombia by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank's stock worth $72,000 after purchasing an additional 657 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Bancolombia in the fourth quarter worth approximately $89,000. R Squared Ltd acquired a new stake in Bancolombia in the fourth quarter worth approximately $121,000. Finally, V Square Quantitative Management LLC lifted its position in Bancolombia by 126.1% in the fourth quarter. V Square Quantitative Management LLC now owns 5,288 shares of the bank's stock worth $169,000 after purchasing an additional 2,949 shares during the period.
Wall Street Analyst Weigh In
A number of research firms have weighed in on CIB. The Goldman Sachs Group upped their target price on Bancolombia from $31.00 to $35.00 and gave the stock a "sell" rating in a research report on Monday, February 24th. Morgan Stanley upgraded Bancolombia from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $40.00 to $53.00 in a research report on Tuesday, January 28th.
View Our Latest Report on CIB
Bancolombia Price Performance
Shares of NYSE:CIB opened at $41.13 on Monday. Bancolombia S.A. has a one year low of $30.25 and a one year high of $44.93. The stock has a fifty day moving average of $40.93 and a 200-day moving average of $36.95. The company has a market capitalization of $9.89 billion, a PE ratio of 6.53, a price-to-earnings-growth ratio of 2.47 and a beta of 0.91. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.05.
Bancolombia (NYSE:CIB - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The bank reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.22. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.41 billion. As a group, equities analysts anticipate that Bancolombia S.A. will post 6 EPS for the current fiscal year.
Bancolombia Increases Dividend
The business also recently disclosed a dividend, which was paid on Friday, May 9th. Stockholders of record on Tuesday, April 29th were given a dividend of $0.5745 per share. This represents a dividend yield of 17.13%. The ex-dividend date was Monday, April 28th. This is an increase from Bancolombia's previous dividend of $0.30. Bancolombia's dividend payout ratio is 104.81%.
Bancolombia Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding CIB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bancolombia S.A. (NYSE:CIB - Free Report).
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