Two Sigma Investments LP Trims Stock Position in Bancolombia S.A. (NYSE:CIB)

Two Sigma Investments LP lessened its stake in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 45.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,463 shares of the bank's stock after selling 76,095 shares during the period. Two Sigma Investments LP's holdings in Bancolombia were worth $2,850,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CIB. Itau Unibanco Holding S.A. bought a new position in shares of Bancolombia during the 4th quarter valued at about $24,801,000. Truffle Hound Capital LLC bought a new position in shares of Bancolombia in the 4th quarter valued at about $11,028,000. GQG Partners LLC bought a new position in shares of Bancolombia in the 4th quarter valued at about $9,724,000. Ranmore Fund Management Ltd bought a new position in shares of Bancolombia in the 4th quarter valued at about $8,284,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Bancolombia by 40.0% in 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 last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. The Goldman Sachs Group increased their price target on shares of Bancolombia from $31.00 to $35.00 and gave the company a "sell" rating in a report on Monday, February 24th. UBS Group increased their price target on shares of Bancolombia from $35.00 to $38.00 and gave the company a "neutral" rating in a report on Monday. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $39.00.

Bancolombia Trading Up 0.3%

Shares of NYSE:CIB traded up $0.14 during trading hours on Wednesday, hitting $43.59. 374,873 shares of the company's stock traded hands, compared to its average volume of 326,457. Bancolombia S.A. has a 1 year low of $30.25 and a 1 year high of $44.93. The business has a fifty day moving average price of $40.68 and a 200-day moving average price of $38.14. 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. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 1.00.

Bancolombia Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 9th. Shareholders 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 of this dividend was Monday, April 28th. This is a positive change from Bancolombia's previous dividend of $0.30. Bancolombia's payout ratio is 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.