Voloridge Investment Management LLC Has $6 Million Position in Bancolombia S.A. (NYSE:CIB)

Voloridge Investment Management LLC boosted its holdings in Bancolombia S.A. (NYSE:CIB - Free Report) by 143.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 190,469 shares of the bank's stock after buying an additional 112,208 shares during the quarter. Voloridge Investment Management LLC owned 0.08% of Bancolombia worth $6,002,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CIB. Lindbrook Capital LLC lifted its position in shares of Bancolombia by 74.7% in the 4th quarter. Lindbrook Capital LLC now owns 968 shares of the bank's stock valued at $31,000 after acquiring an additional 414 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake 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 buying an additional 657 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Bancolombia in the 4th quarter valued at $89,000. R Squared Ltd bought a new stake in Bancolombia in the 4th quarter valued at $121,000. Finally, V Square Quantitative Management LLC boosted its holdings in Bancolombia by 126.1% in the 4th quarter. V Square Quantitative Management LLC now owns 5,288 shares of the bank's stock valued at $169,000 after purchasing an additional 2,949 shares during the period.

Bancolombia Price Performance

CIB stock traded down $1.01 during trading on Friday, hitting $41.45. 149,557 shares of the stock traded hands, compared to its average volume of 318,956. Bancolombia S.A. has a one year low of $30.25 and a one year high of $44.93. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 6.57, a P/E/G ratio of 2.47 and a beta of 0.91. The company has a 50 day simple moving average of $40.76 and a 200 day simple moving average of $37.82. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60.

Bancolombia Increases Dividend

The business also recently announced a dividend, which was paid on Friday, May 9th. Shareholders of record on Tuesday, April 29th were paid a $0.5745 dividend. The ex-dividend date of this dividend was Monday, April 28th. This is an increase from Bancolombia's previous dividend of $0.30. This represents a dividend yield of 17.13%. Bancolombia's payout ratio is currently 104.81%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lifted their target price on shares of Bancolombia from $31.00 to $35.00 and gave the company a "sell" rating in a research report on Monday, February 24th.

Bancolombia 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.