Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,237,084 shares of the bank's stock after selling 141,170 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.51% of Bancolombia worth $38,981,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in 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 acquiring an additional 19,499 shares during the period. Arrowstreet Capital Limited Partnership lifted 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 acquiring an additional 102,015 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Bancolombia during the 4th quarter valued at approximately $24,801,000. JPMorgan Chase & Co. lifted its stake in Bancolombia by 40.0% during 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. Finally, Dimensional Fund Advisors LP lifted its stake in Bancolombia by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 365,603 shares of the bank's stock valued at $11,523,000 after acquiring an additional 14,293 shares during the period.
Bancolombia Price Performance
Bancolombia stock opened at $40.48 on Friday. Bancolombia S.A. has a 52-week low of $30.25 and a 52-week high of $44.93. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 6.42, a PEG ratio of 2.47 and a beta of 0.91. The company has a fifty day simple moving average of $40.84 and a 200-day simple moving average of $37.49. 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 (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, topping analysts' consensus estimates 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. On average, equities analysts anticipate that Bancolombia S.A. will post 6 EPS for the current fiscal year.
Bancolombia Increases Dividend
The firm also recently announced a dividend, which was paid on Friday, May 9th. Stockholders of record on Tuesday, April 29th were issued a dividend of $0.5745 per share. 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 dividend yield of 17.13%. Bancolombia's dividend payout ratio is presently 104.81%.
Analyst Ratings Changes
Several analysts have commented on CIB shares. Morgan Stanley upgraded shares of Bancolombia from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $40.00 to $53.00 in a research note on Tuesday, January 28th. The Goldman Sachs Group increased their price target on shares of Bancolombia from $31.00 to $35.00 and gave the stock a "sell" rating in a report on Monday, February 24th.
View Our Latest Analysis on CIB
Bancolombia Company Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding CIB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bancolombia S.A. (NYSE:CIB - Free Report).
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