Bancolombia S.A. (NYSE:CIB) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its position in shares of Bancolombia S.A. (NYSE:CIB) by 96.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,305 shares of the bank’s stock after purchasing an additional 641 shares during the period. Blue Trust Inc.’s holdings in Bancolombia were worth $43,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Wealth Planning LLC bought a new stake in shares of Bancolombia in the 1st quarter worth approximately $2,080,000. Leith Wheeler Investment Counsel Ltd. purchased a new position in Bancolombia during the first quarter valued at approximately $1,519,000. DekaBank Deutsche Girozentrale bought a new stake in Bancolombia in the second quarter worth approximately $506,000. Renaissance Technologies LLC grew its position in Bancolombia by 117.2% in the second quarter. Renaissance Technologies LLC now owns 139,200 shares of the bank’s stock worth $4,545,000 after acquiring an additional 75,100 shares in the last quarter. Finally, M&G Plc bought a new stake in Bancolombia in the first quarter worth approximately $10,299,000.

Bancolombia Trading Down 0.8 %

Shares of NYSE CIB opened at $31.66 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.40. Bancolombia S.A. has a 1 year low of $25.92 and a 1 year high of $37.85. The firm’s 50-day moving average is $32.13 and its 200-day moving average is $33.13.

Bancolombia (NYSE:CIB) last announced its quarterly earnings results on Thursday, August 8th. The bank reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. Bancolombia had a net margin of 13.73% and a return on equity of 15.68%. Equities analysts expect that Bancolombia S.A. will post 5.99 EPS for the current year.

Bancolombia Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.8456 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 10.68%. Bancolombia’s dividend payout ratio is 52.28%.

Wall Street Analyst Weigh In

CIB has been the subject of several research analyst reports. The Goldman Sachs Group cut shares of Bancolombia from a “neutral” rating to a “sell” rating and cut their target price for the company from $34.00 to $32.00 in a research note on Tuesday, August 20th. Bank of America cut shares of Bancolombia from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $38.00 to $34.00 in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Bancolombia from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Monday, August 12th.

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.