GAMMA Investing LLC Buys 31,652 Shares of Bancolombia S.A. (NYSE:CIB)

GAMMA Investing LLC raised its holdings in Bancolombia S.A. (NYSE:CIB - Free Report) by 4,011.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,441 shares of the bank's stock after acquiring an additional 31,652 shares during the period. GAMMA Investing LLC's holdings in Bancolombia were worth $1,304,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. V Square Quantitative Management LLC raised its position in shares of Bancolombia by 126.1% during the fourth quarter. V Square Quantitative Management LLC now owns 5,288 shares of the bank's stock worth $169,000 after acquiring an additional 2,949 shares during the last quarter. US Bancorp DE raised its position in shares of Bancolombia by 5.9% during the fourth quarter. US Bancorp DE now owns 5,594 shares of the bank's stock worth $176,000 after acquiring an additional 312 shares during the last quarter. Capital Wealth Planning LLC raised its position in shares of Bancolombia by 8.8% during the fourth quarter. Capital Wealth Planning LLC now owns 96,850 shares of the bank's stock worth $3,052,000 after acquiring an additional 7,856 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Bancolombia during the fourth quarter worth about $89,000. Finally, Moneda S.A. Administradora General de Fondos bought a new position in shares of Bancolombia during the fourth quarter worth about $2,218,000.

Analyst Ratings Changes

CIB has been the topic of a number of research analyst reports. The Goldman Sachs Group increased 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. UBS Group restated a "neutral" rating and set a $38.00 price target (up from $35.00) on shares of Bancolombia in a report on Monday, June 2nd. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $39.00.

Bancolombia Price Performance

Bancolombia stock opened at $42.54 on Monday. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 6.75, 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 stock's 50 day moving average price is $41.06 and its two-hundred day moving average price is $38.68. 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 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 dividend of $0.5745 per share. This is an increase 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 payout ratio is currently 104.81%.

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.

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