Cubist Systematic Strategies LLC Has $2.73 Million Stake in Bancolombia S.A. (NYSE:CIB)

Cubist Systematic Strategies LLC lowered its holdings in Bancolombia S.A. (NYSE:CIB - Free Report) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,652 shares of the bank's stock after selling 6,201 shares during the period. Cubist Systematic Strategies LLC's holdings in Bancolombia were worth $2,730,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CIB. Balyasny Asset Management L.P. bought a new stake in shares of Bancolombia during the fourth quarter valued at approximately $716,000. Bank of America Corp DE grew its position in Bancolombia by 13.3% in the fourth quarter. Bank of America Corp DE now owns 169,661 shares of the bank's stock worth $5,346,000 after buying an additional 19,960 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in Bancolombia by 16.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,824 shares of the bank's stock worth $247,000 after buying an additional 1,085 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in Bancolombia in the fourth quarter worth approximately $24,801,000. Finally, Northern Trust Corp grew its position in Bancolombia by 190.9% in the fourth quarter. Northern Trust Corp now owns 138,083 shares of the bank's stock worth $4,351,000 after buying an additional 90,616 shares during the last quarter.

Bancolombia Stock Down 1.1%

Shares of Bancolombia stock traded down $0.47 on Friday, hitting $41.74. 108,527 shares of the company traded hands, compared to its average volume of 316,012. The company has a 50-day moving average price of $40.95 and a 200 day moving average price of $37.16. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. Bancolombia S.A. has a 12-month low of $30.25 and a 12-month high of $44.93. The company has a market cap of $10.04 billion, a PE ratio of 6.62, a PEG ratio of 2.47 and a beta of 0.91.

Bancolombia (NYSE:CIB - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.22. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.41 billion. Sell-side analysts predict that Bancolombia S.A. will post 6 earnings per share for the current year.

Bancolombia Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 9th. Investors of record on Tuesday, April 29th were paid a $0.5745 dividend. This represents a dividend yield of 17.13%. The ex-dividend date of this dividend was Monday, April 28th. This is a positive change from Bancolombia's previous dividend of $0.30. Bancolombia's payout ratio is presently 104.81%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CIB. The Goldman Sachs Group lifted their price target on shares of 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 shares of Bancolombia from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $40.00 to $53.00 in a research 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.