Macquarie Group Ltd. increased its holdings in shares of Bancolombia SA (NYSE:CIB) by 2.1% in the second quarter, Holdings Channel reports. The firm owned 102,050 shares of the bank’s stock after buying an additional 2,110 shares during the period. Macquarie Group Ltd.’s holdings in Bancolombia were worth $4,876,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Bank of America Corp DE increased its position in shares of Bancolombia by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 261,826 shares of the bank’s stock worth $12,510,000 after purchasing an additional 34,683 shares during the last quarter. Vontobel Asset Management Inc. acquired a new stake in shares of Bancolombia during the 2nd quarter worth about $200,840,000. Voya Investment Management LLC increased its position in shares of Bancolombia by 26.3% during the 2nd quarter. Voya Investment Management LLC now owns 19,988 shares of the bank’s stock worth $955,000 after purchasing an additional 4,157 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Bancolombia by 73.0% during the 2nd quarter. Renaissance Technologies LLC now owns 307,700 shares of the bank’s stock worth $14,702,000 after purchasing an additional 129,800 shares during the last quarter. Finally, FMR LLC increased its position in shares of Bancolombia by 227.3% during the 2nd quarter. FMR LLC now owns 185,765 shares of the bank’s stock worth $8,876,000 after purchasing an additional 129,009 shares during the last quarter. 10.97% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on CIB. Bank of America raised Bancolombia from an “underperform” rating to a “neutral” rating in a research report on Wednesday, June 13th. ValuEngine raised Bancolombia from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Citigroup raised Bancolombia from a “sell” rating to a “neutral” rating in a research report on Monday, August 27th. Finally, Zacks Investment Research downgraded Bancolombia from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Bancolombia presently has an average rating of “Hold” and an average target price of $45.67.

Shares of Bancolombia stock opened at $42.05 on Wednesday. Bancolombia SA has a 12 month low of $36.38 and a 12 month high of $51.38. The stock has a market cap of $10.06 billion, a P/E ratio of 11.72, a PEG ratio of 0.81 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.12 and a quick ratio of 1.12.

Bancolombia (NYSE:CIB) last announced its earnings results on Wednesday, August 1st. The bank reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.05). Bancolombia had a net margin of 10.59% and a return on equity of 8.67%. The firm had revenue of $1.12 billion for the quarter. equities analysts expect that Bancolombia SA will post 3.64 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 11th. Investors of record on Thursday, September 27th will be issued a dividend of $0.334 per share. This represents a $1.34 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Wednesday, September 26th. Bancolombia’s dividend payout ratio (DPR) is 38.46%.

Bancolombia Company Profile

Bancolombia SA provides various banking products and services to individual, corporate, and government customers in Colombia, Latin America, and the Caribbean region. The company operates in nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, Off Shore, and All Other.

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Institutional Ownership by Quarter for Bancolombia (NYSE:CIB)

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