1 week Ago By Defense World Staff
JPMorgan Chase & Co. lifted its holdings in shares of Bancolombia S.A.
( NYSE:CIB – Free Report ) by 40.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 484,281 shares of the bank’s stock after acquiring an additional 138,461 shares during the period.
JPMorgan Chase & Co. owned approximately 0.20% of Bancolombia worth $15,260,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. Quantinno Capital Management LP purchased a new stake in Bancolombia during the 3rd quarter worth approximately $245,000. Wellington Management Group LLP purchased a new stake in shares of Bancolombia during the third quarter valued at $8,208,000.
XTX Topco Ltd acquired a new position in shares of Bancolombia in the 3rd quarter valued at $385,000. Public Employees Retirement System of Ohio purchased a new position in Bancolombia in the 3rd quarter worth $2,667,000. Finally, Ballentine Partners LLC lifted its position in Bancolombia by 6.
5% during the 4th quarter. Ballentine Partners LLC now owns 11,209 shares of the bank’s stock worth $353,000 after acquiring an additional 680 shares during the period. Analyst Upgrades and Downgrades Several research analysts have recently issued reports on the company.
The Goldman Sachs Group raised their price objective on Bancolombia from $31.00 to $35.00 and gave the stock a “sell” rating in a research note on Monday, February 24th.
Morgan Stanley raised shares of Bancolombia from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $40.00 to $53.00 in a research report on Tuesday, January 28th.
Bancolombia Stock Up 3.7 % Shares of CIB stock opened at $37.83 on Friday.
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 S.A.
has a twelve month low of $30.25 and a twelve month high of $44.93.
The stock has a 50 day moving average of $41.20 and a 200 day moving average of $35.72.
The stock has a market cap of $9.10 billion, a P/E ratio of 6.01, a P/E/G ratio of 2.
47 and a beta of 0.85. Bancolombia ( NYSE:CIB – Get Free Report ) last posted its earnings results on Thursday, February 20th.
The bank reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.
22. Bancolombia had a net margin of 14.14% and a return on equity of 14.
61%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.
41 billion. As a group, sell-side analysts expect that Bancolombia S.A.
will post 6 EPS for the current year. Bancolombia Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were paid a $3.
8119 dividend. This represents a $15.25 annualized dividend and a dividend yield of 40.
30%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Bancolombia’s previous quarterly dividend of $0.
80. Bancolombia’s payout ratio is currently 235.56%.
Bancolombia Company Profile ( Free Report ) 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. Read More Five stocks we like better than Bancolombia There Are Different Types of Stock To Invest In Robinhood Strategies Could Be a Game-Changer for Young Investors How to Know Which Cryptocurrency to Buy: A Guide for Investors Are These 3 Retail Stocks Oversold or Really in Trouble? How to Calculate Inflation Rate IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead Want to see what other hedge funds are holding CIB? Visit HoldingsChannel.
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