D. E. Shaw & Co. Inc. Buys 89,464 Shares of Bancolombia S.A. (NYSE:CIB)

D. E. Shaw & Co. Inc. lifted its holdings in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 80.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 200,065 shares of the bank's stock after acquiring an additional 89,464 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.08% of Bancolombia worth $6,304,000 as of its most recent filing with the Securities & Exchange Commission.

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

Bancolombia Trading Up 1.0%

CIB traded up $0.43 during trading on Tuesday, reaching $42.06. The company had a trading volume of 270,532 shares, compared to its average volume of 316,832. 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 cap of $10.11 billion, a P/E ratio of 6.68, a PEG ratio of 2.47 and a beta of 0.91. Bancolombia S.A. has a 52 week low of $30.25 and a 52 week high of $44.93. The business has a 50 day simple moving average of $40.94 and a 200-day simple moving average of $37.37.

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

Bancolombia Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 9th. Stockholders of record on Tuesday, April 29th were paid 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 payout ratio is currently 104.81%.

Analysts Set New Price Targets

Several research analysts recently weighed in on CIB shares. Morgan Stanley raised shares of 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 report on Tuesday, January 28th. The Goldman Sachs Group increased their price objective on shares of Bancolombia from $31.00 to $35.00 and gave the company a "sell" rating in a report on Monday, February 24th.

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.