Stokes Family Office LLC Acquires 7,907 Shares of Bancolombia S.A. (NYSE:CIB)

Stokes Family Office LLC raised its position in Bancolombia S.A. (NYSE:CIB - Free Report) by 30.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,790 shares of the bank's stock after buying an additional 7,907 shares during the quarter. Stokes Family Office LLC's holdings in Bancolombia were worth $1,065,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP acquired a new position in Bancolombia during the third quarter valued at approximately $8,208,000. Raymond James Financial Inc. acquired a new position in shares of Bancolombia during the 4th quarter worth $3,104,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Bancolombia during the 3rd quarter worth $2,845,000. Public Employees Retirement System of Ohio acquired a new stake in Bancolombia in the third quarter valued at about $2,667,000. Finally, Moneda S.A. Administradora General de Fondos bought a new position in Bancolombia in the fourth quarter valued at about $2,218,000.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of 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 research note on Tuesday, January 28th. The Goldman Sachs Group boosted their target price on shares of Bancolombia from $31.00 to $35.00 and gave the stock a "sell" rating in a research note on Monday, February 24th.

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Bancolombia Trading Down 0.1 %

Bancolombia stock traded down $0.06 during mid-day trading on Friday, hitting $42.61. 595,290 shares of the stock were exchanged, compared to its average volume of 285,928. Bancolombia S.A. has a 12 month low of $30.25 and a 12 month high of $44.25. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. The firm's fifty day simple moving average is $39.51 and its two-hundred day simple moving average is $34.76. The stock has a market capitalization of $10.25 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 2.47 and a beta of 1.22.

Bancolombia (NYSE:CIB - Get Free Report) last released its earnings results on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.22. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.41 billion. Analysts forecast 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. The ex-dividend date is Monday, March 31st. This represents a $15.25 annualized dividend and a dividend yield of 35.78%. This is a positive change from Bancolombia's previous quarterly dividend of $0.80. Bancolombia's payout ratio is currently 241.90%.

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.