308,611 Shares in Bancolombia S.A. (NYSE:CIB) Acquired by GQG Partners LLC

GQG Partners LLC bought a new position in Bancolombia S.A. (NYSE:CIB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 308,611 shares of the bank's stock, valued at approximately $9,724,000. GQG Partners LLC owned 0.13% of Bancolombia as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Bancolombia by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 3,099,224 shares of the bank's stock valued at $97,657,000 after buying an additional 19,499 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Bancolombia by 6.9% in the fourth quarter. American Century Companies Inc. now owns 96,890 shares of the bank's stock worth $3,053,000 after purchasing an additional 6,243 shares during the period. Truffle Hound Capital LLC purchased a new stake in shares of Bancolombia in the fourth quarter worth $11,028,000. Stokes Family Office LLC grew its position in shares of Bancolombia by 30.5% during the fourth quarter. Stokes Family Office LLC now owns 33,790 shares of the bank's stock worth $1,065,000 after purchasing an additional 7,907 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Bancolombia by 30.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 91,927 shares of the bank's stock valued at $2,897,000 after buying an additional 21,249 shares in the last quarter.

Analysts Set New Price Targets

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

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Bancolombia Trading Up 0.0 %

Shares of Bancolombia stock traded up $0.01 on Friday, hitting $43.77. 562,220 shares of the company traded hands, compared to its average volume of 292,531. Bancolombia S.A. has a 52 week low of $30.25 and a 52 week high of $44.93. The company has a market cap of $10.52 billion, a PE ratio of 6.95, a PEG ratio of 2.47 and a beta of 1.22. The stock's 50 day moving average price is $40.66 and its 200-day moving average price is $35.17. 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 (NYSE:CIB - Get Free Report) last issued its earnings results 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%. Equities research analysts predict that Bancolombia S.A. will post 6 EPS for the current year.

Bancolombia Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be issued a dividend of $3.8119 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $15.25 dividend on an annualized basis and a yield of 34.84%. This is a positive change from Bancolombia's previous quarterly dividend of $0.80. Bancolombia's dividend 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.