Bancolombia S.A. (NYSE:CIB) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. grew its holdings in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 80.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 200,065 shares of the bank's stock after purchasing an additional 89,464 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.08% of Bancolombia worth $6,304,000 at the end of the most recent quarter.

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

Bancolombia Trading Down 0.6%

NYSE:CIB traded down $0.26 during trading hours on Thursday, reaching $40.97. 63,247 shares of the stock were exchanged, compared to its average volume of 315,518. Bancolombia S.A. has a twelve month low of $30.25 and a twelve 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 business has a 50-day moving average of $40.91 and a two-hundred day moving average of $37.43. The company has a market capitalization of $9.85 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 2.47 and a beta of 0.91.

Bancolombia (NYSE:CIB - Get Free Report) last released its 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. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.41 billion. On average, equities analysts predict that Bancolombia S.A. will post 6 EPS for the current year.

Bancolombia Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley raised Bancolombia from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $40.00 to $53.00 in a research note on Tuesday, January 28th. The Goldman Sachs Group boosted 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 Company 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.