3,850 Shares in Bancolombia S.A. (NYSE:CIB) Purchased by R Squared Ltd

R Squared Ltd acquired a new stake in Bancolombia S.A. (NYSE:CIB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,850 shares of the bank’s stock, valued at approximately $121,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP purchased a new stake in Bancolombia during the third quarter worth about $8,208,000. XTX Topco Ltd acquired a new stake in shares of Bancolombia in the 3rd quarter worth approximately $385,000. Centiva Capital LP purchased a new position in Bancolombia in the 3rd quarter valued at approximately $288,000. Point72 Asset Management L.P. boosted its position in Bancolombia by 3,160.0% during the third quarter. Point72 Asset Management L.P. now owns 16,300 shares of the bank’s stock worth $511,000 after purchasing an additional 15,800 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Bancolombia by 96.5% in the third quarter. Blue Trust Inc. now owns 1,305 shares of the bank’s stock valued at $43,000 after purchasing an additional 641 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upgraded shares of Bancolombia from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $40.00 to $53.00 in a research report on Tuesday.

Bancolombia Price Performance

Shares of NYSE:CIB opened at $39.87 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.00. The business’s fifty day moving average price is $33.08 and its two-hundred day moving average price is $32.64. The stock has a market cap of $9.59 billion, a PE ratio of 6.32, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. Bancolombia S.A. has a one year low of $30.25 and a one year high of $40.62.

Bancolombia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were given a dividend of $0.8044 per share. This represents a $3.22 dividend on an annualized basis and a yield of 8.07%. The ex-dividend date of this dividend was Monday, December 30th. Bancolombia’s dividend payout ratio is presently 50.71%.

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.