Mackenzie Financial Corp Has $1.52 Million Stock Position in Bancolombia S.A. (NYSE:CIB)

Mackenzie Financial Corp lifted its stake in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 31.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,365 shares of the bank's stock after buying an additional 11,486 shares during the quarter. Mackenzie Financial Corp's holdings in Bancolombia were worth $1,524,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the company. Lindbrook Capital LLC raised its stake in Bancolombia by 74.7% during the fourth quarter. Lindbrook Capital LLC now owns 968 shares of the bank's stock worth $31,000 after acquiring an additional 414 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Bancolombia by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank's stock valued at $72,000 after acquiring an additional 657 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Bancolombia during the fourth quarter worth approximately $89,000. V Square Quantitative Management LLC increased its stake in Bancolombia by 126.1% in the 4th quarter. V Square Quantitative Management LLC now owns 5,288 shares of the bank's stock worth $169,000 after purchasing an additional 2,949 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Bancolombia by 5.9% during the fourth quarter. US Bancorp DE now owns 5,594 shares of the bank's stock valued at $176,000 after acquiring an additional 312 shares during the period.

Wall Street Analyst Weigh In

CIB has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Bancolombia from $35.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday. The Goldman Sachs Group increased 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 research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Bancolombia currently has an average rating of "Hold" and an average target price of $39.00.

Bancolombia Trading Up 0.3%

Bancolombia stock traded up $0.14 during trading hours on Wednesday, reaching $43.59. 374,873 shares of the company's stock traded hands, compared to its average volume of 326,457. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 2.47 and a beta of 0.91. 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 S.A. has a fifty-two week low of $30.25 and a fifty-two week high of $44.93. The firm's 50 day moving average is $40.68 and its 200-day moving average is $38.14.

Bancolombia Increases Dividend

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