Bancolombia S.A. (NYSE:CIB) Shares Bought by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG grew its holdings in Bancolombia S.A. (NYSE:CIB) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,600 shares of the bank’s stock after buying an additional 1,950 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Bancolombia were worth $2,920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Lindbrook Capital LLC raised its holdings in Bancolombia by 74.7% in the 4th quarter. Lindbrook Capital LLC now owns 968 shares of the bank’s stock valued at $31,000 after acquiring an additional 414 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Bancolombia by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank’s stock valued at $72,000 after purchasing an additional 657 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Bancolombia during the fourth quarter worth approximately $89,000. R Squared Ltd acquired a new position in Bancolombia during the fourth quarter worth $121,000. Finally, V Square Quantitative Management LLC grew its holdings in Bancolombia by 126.1% in the 4th quarter. V Square Quantitative Management LLC now owns 5,288 shares of the bank’s stock valued at $169,000 after buying an additional 2,949 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CIB shares. Morgan Stanley raised 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 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.

Bancolombia Stock Performance

NYSE CIB opened at $41.35 on Wednesday. The stock has a market cap of $9.94 billion, a PE ratio of 6.56, a P/E/G ratio of 2.47 and a beta of 1.22. Bancolombia S.A. has a twelve month low of $30.25 and a twelve month high of $44.93. The stock has a fifty day simple moving average of $41.00 and a 200-day simple moving average of $35.32. 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 (NYSE:CIB) last announced its quarterly earnings results on Thursday, February 20th. The bank reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.22. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. Equities analysts anticipate that Bancolombia S.A. will post 6 earnings per share for the current year.

Bancolombia Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be given 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 dividend on an annualized basis and a yield of 36.88%. Bancolombia’s payout ratio is presently 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.