99,279 Shares in Bancolombia S.A. (NYSE:CIB) Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP acquired a new stake in Bancolombia S.A. (NYSE:CIB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 99,279 shares of the bank's stock, valued at approximately $3,128,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Bancolombia by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 3,099,224 shares of the bank's stock worth $97,657,000 after acquiring an additional 19,499 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Bancolombia by 12.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 928,679 shares of the bank's stock worth $29,263,000 after purchasing an additional 102,015 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Bancolombia by 40.0% during the fourth quarter. JPMorgan Chase & Co. now owns 484,281 shares of the bank's stock worth $15,260,000 after purchasing an additional 138,461 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Bancolombia by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 365,603 shares of the bank's stock valued at $11,523,000 after buying an additional 14,293 shares during the period. Finally, Amundi increased its position in shares of Bancolombia by 2.1% in the 4th quarter. Amundi now owns 362,391 shares of the bank's stock valued at $11,741,000 after buying an additional 7,386 shares in the last quarter.

Bancolombia Stock Up 1.0 %

CIB stock traded up $0.40 during trading hours on Friday, reaching $42.05. 247,764 shares of the stock were exchanged, compared to its average volume of 308,585. The firm's 50-day moving average is $41.20 and its 200-day moving average is $36.22. Bancolombia S.A. has a 12 month low of $30.25 and a 12 month high of $44.93. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 2.47 and a beta of 0.85. 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 (NYSE:CIB - Get Free Report) last announced its earnings results on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.22. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.41 billion. On average, equities research analysts expect that Bancolombia S.A. will post 6 earnings per share for the current year.

Bancolombia Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 9th. Investors of record on Tuesday, April 29th will be issued a dividend of $0.5745 per share. This is a boost from Bancolombia's previous dividend of $0.30. The ex-dividend date is Monday, April 28th. This represents a yield of 17.13%. Bancolombia's dividend payout ratio is presently 107.46%.

Analysts Set New Price Targets

Several research analysts have weighed in on CIB shares. The Goldman Sachs Group lifted their target price on Bancolombia from $31.00 to $35.00 and gave the stock a "sell" rating in a report on Monday, February 24th. Morgan Stanley upgraded Bancolombia from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $40.00 to $53.00 in a research report on Tuesday, January 28th.

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.