GAMMA Investing LLC Has $1.30 Million Stock Holdings in BanColombia S.A. (NYSE:CIB)

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

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in BanColombia by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 3,099,224 shares of the bank's stock worth $97,657,000 after buying an additional 19,499 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of BanColombia by 12.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 928,679 shares of the bank's stock worth $29,263,000 after acquiring an additional 102,015 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in BanColombia during the 4th quarter worth approximately $24,801,000. JPMorgan Chase & Co. grew its position in 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 last quarter. Finally, Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 14,293 shares in the last quarter.

BanColombia Trading Up 2.7%

Shares of NYSE CIB traded up $1.15 during midday trading on Thursday, hitting $43.26. The stock had a trading volume of 413,334 shares, compared to its average volume of 329,192. The firm has a market cap of $10.40 billion, a P/E ratio of 6.93, a price-to-earnings-growth ratio of 0.94 and a beta of 0.91. BanColombia S.A. has a fifty-two week low of $30.25 and a fifty-two week high of $44.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00. The company's 50-day simple moving average is $41.34 and its 200 day simple moving average is $38.81.

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. This represents a 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 104.97%.

Analyst Upgrades and Downgrades

CIB has been the topic of a number of recent analyst reports. UBS Group reissued a "neutral" rating and issued a $38.00 price objective (up previously from $35.00) on shares of BanColombia in a research note on Monday, June 2nd. The Goldman Sachs Group lifted their price target on BanColombia from $31.00 to $35.00 and gave the company a "sell" rating in a report on Monday, February 24th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $39.00.

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.