Dimensional Fund Advisors LP Has $11.52 Million Stake in Bancolombia S.A. (NYSE:CIB)

Dimensional Fund Advisors LP boosted its holdings in Bancolombia S.A. (NYSE:CIB - Free Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 365,603 shares of the bank's stock after buying an additional 14,293 shares during the period. Dimensional Fund Advisors LP owned approximately 0.15% of Bancolombia worth $11,523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CIB. Vanguard Group Inc. boosted its stake in Bancolombia by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 3,099,224 shares of the bank's stock worth $97,657,000 after purchasing an additional 19,499 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Bancolombia by 12.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 928,679 shares of the bank's stock valued at $29,263,000 after buying an additional 102,015 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Bancolombia by 40.0% during the fourth quarter. JPMorgan Chase & Co. now owns 484,281 shares of the bank's stock worth $15,260,000 after purchasing an additional 138,461 shares during the period. Amundi increased its holdings in Bancolombia by 2.1% in the 4th quarter. Amundi now owns 362,391 shares of the bank's stock valued at $11,741,000 after buying an additional 7,386 shares during the period. Finally, Truffle Hound Capital LLC bought a new stake in Bancolombia during the 4th quarter worth about $11,028,000.

Analyst Ratings Changes

A number of analysts recently issued reports on CIB shares. Morgan Stanley raised Bancolombia from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $40.00 to $53.00 in a report on Tuesday, January 28th. The Goldman Sachs Group lifted their price objective 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.

Bancolombia Stock Up 3.5%

Bancolombia stock traded up $1.41 during trading on Tuesday, hitting $41.75. 379,155 shares of the company were exchanged, compared to its average volume of 317,030. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $10.04 billion, a P/E ratio of 6.63, 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's 50 day moving average is $40.90 and its 200 day moving average is $37.01.

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

Bancolombia Increases Dividend

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