Bancolombia S.A. (NYSE:CIB) Shares Sold by FIL Ltd

FIL Ltd trimmed its holdings in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 19.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,080 shares of the bank's stock after selling 30,201 shares during the quarter. FIL Ltd owned 0.05% of Bancolombia worth $4,067,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CIB. Lindbrook Capital LLC boosted its stake in Bancolombia by 74.7% during the fourth quarter. Lindbrook Capital LLC now owns 968 shares of the bank's stock worth $31,000 after buying an additional 414 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Bancolombia by 41.3% in 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 last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Bancolombia during the 4th quarter worth approximately $89,000. R Squared Ltd acquired a new stake in Bancolombia in the 4th quarter valued at approximately $121,000. Finally, V Square Quantitative Management LLC raised its position in Bancolombia by 126.1% in the fourth 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.

Analyst Ratings Changes

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

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Bancolombia Stock Up 1.9 %

Shares of Bancolombia stock traded up $0.73 during trading hours on Tuesday, reaching $39.02. 407,632 shares of the company were exchanged, compared to its average volume of 308,659. Bancolombia S.A. has a 1 year low of $30.25 and a 1 year high of $44.93. The firm has a market cap of $9.38 billion, a PE ratio of 6.19, a PEG ratio of 2.47 and a beta of 0.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.05. The stock's fifty day moving average is $41.16 and its 200 day moving average is $35.81.

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

Bancolombia Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were issued a $3.8119 dividend. This represents a $15.25 dividend on an annualized basis and a dividend yield of 39.08%. This is a positive change from Bancolombia's previous quarterly dividend of $0.80. The ex-dividend date of this dividend was 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.