22,000 Shares in Bancolombia S.A. (NYSE:CIB) Purchased by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC acquired a new position in shares of Bancolombia S.A. (NYSE:CIB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,000 shares of the bank’s stock, valued at approximately $693,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. B. Metzler seel. Sohn & Co. AG increased its stake in Bancolombia by 2.2% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 92,600 shares of the bank’s stock valued at $2,920,000 after purchasing an additional 1,950 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Bancolombia by 12.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 928,679 shares of the bank’s stock worth $29,263,000 after acquiring an additional 102,015 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Bancolombia by 40.0% in the 4th quarter. JPMorgan Chase & Co. now owns 484,281 shares of the bank’s stock valued at $15,260,000 after acquiring an additional 138,461 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Bancolombia by 27.6% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 59,288 shares of the bank’s stock valued at $1,868,000 after purchasing an additional 12,829 shares during the last quarter. Finally, GQG Partners LLC purchased a new stake in Bancolombia during the 4th quarter valued at $9,724,000.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CIB shares. The Goldman Sachs Group upped their price target 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 Bancolombia from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $40.00 to $53.00 in a research report on Tuesday, January 28th.

Bancolombia Price Performance

Shares of CIB opened at $40.05 on Friday. The firm has a fifty day simple moving average of $41.43 and a two-hundred day simple moving average of $35.47. The firm has a market cap of $9.63 billion, a PE ratio of 6.36, a P/E/G ratio of 2.47 and a beta of 1.22. 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 S.A. has a 1-year low of $30.25 and a 1-year high of $44.93.

Bancolombia (NYSE:CIB) last posted 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. The company 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%. On average, equities analysts anticipate that Bancolombia S.A. will post 6 EPS for the current year.

Bancolombia Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be paid a $3.8119 dividend. This represents a $15.25 annualized dividend and a dividend yield of 38.07%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Bancolombia’s previous quarterly dividend of $0.80. Bancolombia’s dividend payout ratio is 241.90%.

About Bancolombia

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.