Bancolombia S.A. (NYSE:CIB) Stock Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in Bancolombia S.A. (NYSE:CIB - Free Report) by 40.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 484,281 shares of the bank's stock after purchasing an additional 138,461 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.20% of Bancolombia worth $15,260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Quantinno Capital Management LP purchased a new position in shares of Bancolombia during the 3rd quarter worth about $245,000. Wellington Management Group LLP purchased a new position in Bancolombia in the 3rd quarter worth approximately $8,208,000. XTX Topco Ltd acquired a new stake in Bancolombia in the third quarter valued at approximately $385,000. Public Employees Retirement System of Ohio acquired a new position in shares of Bancolombia during the third quarter worth $2,667,000. Finally, Ballentine Partners LLC increased its stake in Bancolombia by 6.5% during the 4th quarter. Ballentine Partners LLC now owns 11,209 shares of the bank's stock worth $353,000 after buying an additional 680 shares during the period.

Bancolombia Stock Performance

Shares of CIB traded up $0.73 during trading hours on Tuesday, reaching $39.02. 407,632 shares of the company's stock traded hands, compared to its average volume of 308,569. The business's fifty day simple moving average is $41.18 and its two-hundred day simple moving average is $35.78. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 6.19, a P/E/G ratio of 2.47 and a beta of 0.85. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 1.00. Bancolombia S.A. has a twelve month low of $30.25 and a twelve month high of $44.93.

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

Bancolombia Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were given a $3.8119 dividend. The ex-dividend date was Monday, March 31st. This is a boost from Bancolombia's previous quarterly dividend of $0.80. This represents a $15.25 annualized dividend and a yield of 39.08%. Bancolombia's payout ratio is 235.56%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley upgraded Bancolombia from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $40.00 to $53.00 in a research note on Tuesday, January 28th. The Goldman Sachs Group lifted their price target 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.

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.