Quadrant Capital Group LLC Purchases 1,128 Shares of Bancolombia S.A. (NYSE:CIB)

Quadrant Capital Group LLC lifted its holdings in Bancolombia S.A. (NYSE:CIB) by 13.3% during the 4th quarter, Holdings Channel reports. The fund owned 9,587 shares of the bank’s stock after acquiring an additional 1,128 shares during the quarter. Quadrant Capital Group LLC’s holdings in Bancolombia were worth $302,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Centiva Capital LP acquired a new position in Bancolombia in the third quarter worth $288,000. Point72 Asset Management L.P. lifted its position in Bancolombia by 3,160.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 16,300 shares of the bank’s stock worth $511,000 after buying an additional 15,800 shares in the last quarter. Quantinno Capital Management LP bought a new stake in Bancolombia during the 3rd quarter worth about $245,000. Wellington Management Group LLP acquired a new stake in Bancolombia in the 3rd quarter valued at about $8,208,000. Finally, XTX Topco Ltd bought a new position in shares of Bancolombia in the third quarter worth about $385,000.

Analysts Set New Price Targets

CIB has been the topic of several research analyst reports. The Goldman Sachs Group increased their price target on shares of Bancolombia from $31.00 to $35.00 and gave the company a “sell” rating in a research note on Monday, February 24th. Morgan Stanley upgraded 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 report on Tuesday, January 28th.

Bancolombia Stock Down 6.1 %

Shares of NYSE:CIB opened at $37.61 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 1.00. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 5.97, a P/E/G ratio of 2.47 and a beta of 0.85. The company has a 50 day moving average of $41.44 and a 200-day moving average of $35.56. Bancolombia S.A. has a one year low of $30.25 and a one year high of $44.93.

Bancolombia (NYSE:CIB) last released its earnings results on Thursday, February 20th. The bank reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.41 billion. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. On average, sell-side analysts forecast 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. Shareholders of record on Monday, March 31st will be paid a $3.8119 dividend. This is a positive change from Bancolombia’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Monday, March 31st. This represents a $15.25 annualized dividend and a yield of 40.55%. Bancolombia’s dividend 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.