Bancolombia S.A. (NYSE:CIB) Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its holdings in Bancolombia S.A. (NYSE:CIB - Free Report) by 27.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,288 shares of the bank's stock after buying an additional 12,829 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Bancolombia were worth $1,868,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. GQG Partners LLC acquired a new stake in shares of Bancolombia in the fourth quarter valued at about $9,724,000. Vanguard Group Inc. increased its holdings in Bancolombia by 0.6% in the fourth 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. lifted its position in shares of Bancolombia by 6.9% during the 4th quarter. American Century Companies Inc. now owns 96,890 shares of the bank's stock valued at $3,053,000 after acquiring an additional 6,243 shares during the period. Truffle Hound Capital LLC purchased a new stake in shares of Bancolombia during the 4th quarter worth approximately $11,028,000. Finally, Stokes Family Office LLC raised its holdings in 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 during the last quarter.

Wall Street Analysts Forecast Growth

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

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Bancolombia Trading Down 5.2 %

Shares of CIB traded down $2.18 on Friday, hitting $40.05. 947,327 shares of the stock traded hands, compared to its average volume of 298,708. Bancolombia S.A. has a 1 year low of $30.25 and a 1 year high of $44.93. The stock's 50 day moving average is $41.43 and its two-hundred day moving average is $35.52. The firm has a market capitalization of $9.63 billion, a P/E ratio of 6.36, a P/E/G ratio of 2.47 and a beta of 0.85. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 0.60.

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, beating analysts' consensus estimates of $1.35 by $0.22. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.41 billion. As a group, sell-side analysts predict that Bancolombia S.A. will post 6 earnings per share for the current year.

Bancolombia Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be issued a $3.8119 dividend. This represents a $15.25 dividend on an annualized basis and a yield of 38.07%. This is an increase from Bancolombia's previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Monday, March 31st. Bancolombia's payout ratio is presently 235.56%.

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.