Arrowstreet Capital Limited Partnership Has $29.26 Million Stock Holdings in Bancolombia S.A. (NYSE:CIB)

Arrowstreet Capital Limited Partnership lifted its position in Bancolombia S.A. (NYSE:CIB - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 928,679 shares of the bank's stock after buying an additional 102,015 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.39% of Bancolombia worth $29,263,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CIB. Truffle Hound Capital LLC bought a new stake in Bancolombia in the fourth quarter worth approximately $11,028,000. GQG Partners LLC acquired a new stake in shares of Bancolombia in the 4th quarter valued at $9,724,000. Wellington Management Group LLP bought a new stake in Bancolombia in the third quarter worth $8,208,000. JPMorgan Chase & Co. increased its position in 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 buying an additional 138,461 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Bancolombia during the fourth quarter valued at about $3,104,000.

Bancolombia Stock Performance

Bancolombia stock traded down $2.18 on Friday, reaching $40.05. 947,327 shares of the stock were exchanged, compared to its average volume of 299,225. 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 S.A. has a twelve month low of $30.25 and a twelve month high of $44.93. The firm has a fifty day moving average price of $41.43 and a two-hundred day moving average price of $35.47. The stock has a market cap of $9.63 billion, a PE ratio of 6.36, a PEG ratio of 2.47 and a beta of 1.22.

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Bancolombia (NYSE:CIB - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The bank reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.22. The business 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%. Sell-side analysts anticipate that Bancolombia S.A. will post 6 EPS for the current year.

Bancolombia Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be paid a $3.8119 dividend. This is an increase from Bancolombia's previous quarterly dividend of $0.80. The ex-dividend date is Monday, March 31st. This represents a $15.25 annualized dividend and a dividend yield of 38.07%. Bancolombia's dividend payout ratio (DPR) is presently 241.90%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CIB. Morgan Stanley upgraded Bancolombia from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $40.00 to $53.00 in a research note on Tuesday, January 28th. The Goldman Sachs Group upped their target price on Bancolombia from $31.00 to $35.00 and gave the stock 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.