Cubist Systematic Strategies LLC Trims Stock Position in Bancolombia S.A. (NYSE:CIB)

Cubist Systematic Strategies LLC lowered its position in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CIB. JPMorgan Chase & Co. increased its holdings in shares of Bancolombia by 40.0% in the 4th quarter. JPMorgan Chase & Co. now owns 484,281 shares of the bank's stock valued at $15,260,000 after acquiring an additional 138,461 shares during the period. Raymond James Financial Inc. purchased a new position in Bancolombia during the 4th quarter worth $3,104,000. Integrated Quantitative Investments LLC acquired a new position in Bancolombia in the fourth quarter valued at $693,000. Stokes Family Office LLC increased its stake in Bancolombia by 30.5% in the fourth quarter. Stokes Family Office LLC now owns 33,790 shares of the bank's stock valued at $1,065,000 after purchasing an additional 7,907 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Bancolombia by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 3,099,224 shares of the bank's stock valued at $97,657,000 after buying an additional 19,499 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CIB. The Goldman Sachs Group raised their price target on Bancolombia from $31.00 to $35.00 and gave the stock a "sell" rating in a report on Monday, February 24th. Morgan Stanley upgraded 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 research note on Tuesday, January 28th.

Bancolombia Price Performance

NYSE:CIB traded up $1.41 during trading hours on Tuesday, hitting $41.75. The company's stock had a trading volume of 379,155 shares, compared to its average volume of 317,030. 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 S.A. has a 52-week low of $30.25 and a 52-week high of $44.93. The business's 50-day moving average is $40.90 and its two-hundred day moving average is $37.05. The company has a market capitalization of $10.04 billion, a PE ratio of 6.63, a PEG ratio of 2.47 and a beta of 0.91.

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

Bancolombia Increases Dividend

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

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.