Candriam Luxembourg S.C.A. Buys New Stake in Bancolombia S.A. (NYSE:CIB)

Candriam Luxembourg S.C.A. bought a new stake in Bancolombia S.A. (NYSE:CIB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,338 shares of the bank’s stock, valued at approximately $219,000.

A number of other institutional investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its holdings in Bancolombia by 119.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 819,128 shares of the bank’s stock valued at $28,218,000 after purchasing an additional 445,307 shares during the last quarter. Advisor Group Holdings Inc. increased its holdings in Bancolombia by 308.3% in the 3rd quarter. Advisor Group Holdings Inc. now owns 21,975 shares of the bank’s stock valued at $760,000 after purchasing an additional 16,593 shares during the last quarter. Bfsg LLC increased its holdings in Bancolombia by 18.3% in the 3rd quarter. Bfsg LLC now owns 15,448 shares of the bank’s stock valued at $535,000 after purchasing an additional 2,388 shares during the last quarter. West Family Investments Inc. acquired a new stake in Bancolombia in the 3rd quarter valued at approximately $273,000. Finally, Moneda S.A. Administradora General de Fondos acquired a new stake in Bancolombia in the 3rd quarter valued at approximately $417,000. Hedge funds and other institutional investors own 5.67% of the company’s stock.

Several equities analysts have commented on the stock. TheStreet raised shares of Bancolombia from a “c+” rating to a “b-” rating in a research report on Wednesday, September 29th. Zacks Investment Research cut shares of Bancolombia from a “buy” rating to a “hold” rating in a research report on Monday, December 13th.

Shares of CIB stock opened at $33.25 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.64. Bancolombia S.A. has a 52 week low of $27.64 and a 52 week high of $39.49. The stock has a market capitalization of $8.00 billion, a PE ratio of 12.74 and a beta of 1.35. The firm has a 50 day moving average of $32.10 and a two-hundred day moving average of $32.22.

Bancolombia (NYSE:CIB) last issued its quarterly earnings results on Tuesday, November 2nd. The bank reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.02. Bancolombia had a net margin of 11.38% and a return on equity of 7.10%. The company had revenue of $1.10 billion during the quarter. Analysts expect that Bancolombia S.A. will post 3.68 EPS for the current fiscal year.

The company also recently disclosed a — dividend, which was paid on Thursday, January 13th. Stockholders of record on Thursday, December 30th were given a dividend of $0.0661 per share. The ex-dividend date of this dividend was Wednesday, December 29th. This represents a dividend yield of 3.5%. Bancolombia’s dividend payout ratio (DPR) is currently 8.81%.

About Bancolombia

Bancolombia SA provides various banking products and services to individual, corporate, and government customers in Colombia, Latin America, and the Caribbean region. It operates through following operating segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment banking, Brokerage, Off Shore and Others.

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Institutional Ownership by Quarter for Bancolombia (NYSE:CIB)

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