Integrated Quantitative Investments LLC Invests $693,000 in Bancolombia S.A. (NYSE:CIB)

Integrated Quantitative Investments LLC acquired a new stake in shares of Bancolombia S.A. (NYSE:CIB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 22,000 shares of the bank's stock, valued at approximately $693,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. US Bancorp DE increased its position in Bancolombia by 5.9% during the 4th quarter. US Bancorp DE now owns 5,594 shares of the bank's stock valued at $176,000 after buying an additional 312 shares in the last quarter. Lindbrook Capital LLC increased its holdings in shares of Bancolombia by 74.7% during the fourth quarter. Lindbrook Capital LLC now owns 968 shares of the bank's stock valued at $31,000 after acquiring an additional 414 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position 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 valued at $72,000 after purchasing an additional 657 shares during the last quarter. Ballentine Partners LLC boosted its stake in Bancolombia by 6.5% in the 4th quarter. Ballentine Partners LLC now owns 11,209 shares of the bank's stock worth $353,000 after purchasing an additional 680 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC grew its position in Bancolombia by 13.4% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 8,848 shares of the bank's stock worth $279,000 after purchasing an additional 1,048 shares during the last quarter.

Bancolombia Stock Performance

NYSE CIB traded down $2.06 on Thursday, reaching $36.92. 390,331 shares of the company's stock traded hands, compared to its average volume of 307,467. Bancolombia S.A. has a fifty-two week low of $30.25 and a fifty-two week high of $44.93. 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 firm has a market cap of $8.88 billion, a price-to-earnings ratio of 5.86, a P/E/G ratio of 2.47 and a beta of 0.85. The stock has a 50 day moving average price of $41.27 and a 200-day moving average price of $35.66.

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Bancolombia (NYSE:CIB - Get Free Report) last issued its quarterly earnings data 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. 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 fiscal year.

Bancolombia Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be given a $3.8119 dividend. This represents a $15.25 annualized dividend and a yield of 41.30%. The ex-dividend date is Monday, March 31st. This is a positive change from Bancolombia's previous quarterly dividend of $0.80. Bancolombia's dividend payout ratio is currently 235.56%.

Wall Street Analyst Weigh In

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

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.