Renaissance Technologies LLC Purchases 10,030 Shares of Bancolombia S.A. (NYSE:CIB)

Renaissance Technologies LLC boosted its stake in Bancolombia S.A. (NYSE:CIB - Free Report) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,400 shares of the bank's stock after purchasing an additional 10,030 shares during the quarter. Renaissance Technologies LLC owned about 0.08% of Bancolombia worth $5,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings 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 worth $97,657,000 after acquiring an additional 19,499 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Bancolombia by 12.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 928,679 shares of the bank's stock valued at $29,263,000 after purchasing an additional 102,015 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Bancolombia by 40.0% in the fourth quarter. JPMorgan Chase & Co. now owns 484,281 shares of the bank's stock worth $15,260,000 after purchasing an additional 138,461 shares during the last quarter. Amundi boosted its position in Bancolombia by 2.1% during the 4th quarter. Amundi now owns 362,391 shares of the bank's stock valued at $11,741,000 after buying an additional 7,386 shares during the period. Finally, Truffle Hound Capital LLC purchased a new position in shares of Bancolombia in the fourth quarter valued at about $11,028,000.

Wall Street Analyst Weigh In

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

Bancolombia Stock Performance

NYSE:CIB traded down $0.04 during trading hours on Wednesday, reaching $41.27. The company had a trading volume of 192,692 shares, compared to its average volume of 310,089. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 6.55, a PEG ratio of 2.47 and a beta of 0.85. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. The firm's 50 day moving average price is $41.17 and its 200-day moving average price is $36.11. Bancolombia S.A. has a 52 week low of $30.25 and a 52 week high of $44.93.

Bancolombia (NYSE:CIB - Get Free Report) last released its quarterly 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. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.41 billion. On average, analysts forecast that Bancolombia S.A. will post 6 EPS for the current year.

Bancolombia Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 9th. Stockholders of record on Tuesday, April 29th will be given a dividend of $0.5745 per share. This represents a dividend yield of 17.13%. This is an increase from Bancolombia's previous dividend of $0.30. The ex-dividend date of this dividend is Monday, April 28th. Bancolombia's dividend payout ratio (DPR) is presently 107.46%.

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.