American Century Companies Inc. Boosts Stock Holdings in Bancolombia S.A. (NYSE:CIB)

American Century Companies Inc. increased its stake in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 6.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 96,890 shares of the bank's stock after purchasing an additional 6,243 shares during the period. American Century Companies Inc.'s holdings in Bancolombia were worth $3,053,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Lindbrook Capital LLC lifted its holdings in shares of Bancolombia by 74.7% in the fourth quarter. Lindbrook Capital LLC now owns 968 shares of the bank's stock worth $31,000 after buying an additional 414 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Bancolombia by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank's stock worth $72,000 after acquiring an additional 657 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Bancolombia in the 4th quarter worth approximately $89,000. R Squared Ltd bought a new position in Bancolombia in the 4th quarter valued at $121,000. Finally, V Square Quantitative Management LLC grew its position in shares of Bancolombia by 126.1% during 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 in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CIB. The Goldman Sachs Group increased their price objective on Bancolombia from $31.00 to $35.00 and gave the stock a "sell" rating in a research report on Monday, February 24th. Morgan Stanley raised Bancolombia from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $40.00 to $53.00 in a report on Tuesday, January 28th.

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Bancolombia Price Performance

NYSE:CIB traded up $1.34 during midday trading on Friday, hitting $37.83. The company had a trading volume of 707,431 shares, compared to its average volume of 308,524. The company has a market capitalization of $9.10 billion, a PE ratio of 6.01, a P/E/G ratio of 2.47 and a beta of 0.85. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. Bancolombia S.A. has a 52-week low of $30.25 and a 52-week high of $44.93. The stock's fifty day moving average price is $41.20 and its 200-day moving average price is $35.72.

Bancolombia (NYSE:CIB - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.22. The firm had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.41 billion. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. As a group, research analysts expect that Bancolombia S.A. will post 6 earnings per share for the current year.

Bancolombia Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be given a dividend of $3.8119 per share. This is a boost from Bancolombia's previous quarterly dividend of $0.80. This represents a $15.25 dividend on an annualized basis and a yield of 40.30%. The ex-dividend date is Monday, March 31st. Bancolombia's dividend payout ratio (DPR) is presently 235.56%.

About Bancolombia

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.