Two Sigma Advisers LP Has $1.29 Million Holdings in Bancolombia S.A. (NYSE:CIB)

Two Sigma Advisers LP lowered its stake in Bancolombia S.A. (NYSE:CIB - Free Report) by 45.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,800 shares of the bank's stock after selling 33,800 shares during the quarter. Two Sigma Advisers LP's holdings in Bancolombia were worth $1,286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dodge & Cox increased its stake in Bancolombia by 2.7% in the 4th quarter. Dodge & Cox now owns 11,300 shares of the bank's stock worth $356,000 after buying an additional 300 shares in the last quarter. US Bancorp DE grew its position in Bancolombia by 5.9% in 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 in the last quarter. Lindbrook Capital LLC increased its position in Bancolombia by 74.7% during the fourth quarter. Lindbrook Capital LLC now owns 968 shares of the bank's stock valued at $31,000 after acquiring an additional 414 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Bancolombia by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank's stock valued at $72,000 after buying an additional 657 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC increased its stake in Bancolombia by 7.5% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 9,628 shares of the bank's stock worth $303,000 after purchasing an additional 668 shares during the period.

Bancolombia Price Performance

CIB traded up $0.14 on Wednesday, hitting $43.59. 374,873 shares of the company were exchanged, compared to its average volume of 326,457. The business's fifty day moving average is $40.68 and its 200 day moving average is $38.14. 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 0.60, a quick ratio of 1.00 and a current ratio of 1.05. The firm has a market capitalization of $10.48 billion, a P/E ratio of 6.92, a price-to-earnings-growth ratio of 2.47 and a beta of 0.91.

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 given a dividend of $0.5745 per share. This represents a dividend yield of 17.13%. The ex-dividend date was Monday, April 28th. This is an increase from Bancolombia's previous dividend of $0.30. Bancolombia's dividend payout ratio is currently 104.81%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CIB shares. UBS Group raised their target price 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 lifted their target price on shares of Bancolombia from $31.00 to $35.00 and gave the stock a "sell" rating in a research note on Monday, February 24th. Three 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, the company has an average rating of "Hold" and an average target price 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.