XTX Topco Ltd Trims Stock Holdings in Bancolombia S.A. (NYSE:CIB)

XTX Topco Ltd reduced its stake in shares of Bancolombia S.A. (NYSE:CIB) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,544 shares of the bank’s stock after selling 725 shares during the period. XTX Topco Ltd’s holdings in Bancolombia were worth $364,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its holdings in Bancolombia by 74.7% during the fourth quarter. Lindbrook Capital LLC now owns 968 shares of the bank’s stock valued at $31,000 after purchasing an additional 414 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Bancolombia by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank’s stock worth $72,000 after buying an additional 657 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Bancolombia in the 4th quarter worth $89,000. R Squared Ltd bought a new stake in Bancolombia during the fourth quarter valued at about $121,000. Finally, V Square Quantitative Management LLC lifted its position in shares of Bancolombia by 126.1% in the fourth quarter. V Square Quantitative Management LLC now owns 5,288 shares of the bank’s stock valued at $169,000 after acquiring an additional 2,949 shares in the last quarter.

Bancolombia Price Performance

NYSE:CIB opened at $41.29 on Wednesday. The business’s 50-day moving average is $41.17 and its 200 day moving average is $36.11. Bancolombia S.A. has a 12 month low of $30.25 and a 12 month high of $44.93. The company has a market capitalization of $9.93 billion, a P/E ratio of 6.55, a P/E/G ratio of 2.47 and a beta of 0.85. 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 issued its quarterly earnings data on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.22. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.41 billion. On average, equities research analysts forecast that Bancolombia S.A. will post 6 earnings per share for the current fiscal year.

Bancolombia Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 9th. Shareholders of record on Tuesday, April 29th will be paid a $0.5745 dividend. This is a boost from Bancolombia’s previous dividend of $0.30. This represents a dividend yield of 17.13%. The ex-dividend date is Monday, April 28th. Bancolombia’s dividend payout ratio (DPR) is presently 107.46%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. The Goldman Sachs Group increased their target price on Bancolombia from $31.00 to $35.00 and gave the stock a “sell” rating in a research report on Monday, February 24th. Morgan Stanley upgraded shares of Bancolombia from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $40.00 to $53.00 in a research report on Tuesday, January 28th.

Bancolombia Company 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.