Measured Wealth Private Client Group LLC Increases Stock Position in Bancolombia S.A. (NYSE:CIB)

Measured Wealth Private Client Group LLC lifted its holdings in Bancolombia S.A. (NYSE:CIB) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,848 shares of the bank’s stock after acquiring an additional 1,048 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Bancolombia were worth $279,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CIB. Venturi Wealth Management LLC purchased a new stake in shares of Bancolombia in the 3rd quarter worth $27,000. Blue Trust Inc. raised its position in shares of Bancolombia by 96.5% in the 3rd 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. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Bancolombia by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank’s stock valued at $72,000 after purchasing an additional 657 shares during the period. R Squared Ltd purchased a new position in Bancolombia during the 4th quarter worth approximately $121,000. Finally, US Bancorp DE boosted its holdings in Bancolombia by 18.9% in the third quarter. US Bancorp DE now owns 5,282 shares of the bank’s stock valued at $166,000 after purchasing an additional 839 shares during the last quarter.

Analyst Ratings Changes

Separately, Morgan Stanley raised Bancolombia from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $40.00 to $53.00 in a report on Tuesday, January 28th.

Bancolombia Price Performance

Shares of CIB opened at $39.94 on Friday. Bancolombia S.A. has a 1-year low of $30.25 and a 1-year high of $40.62. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a fifty day moving average price of $33.73 and a 200 day moving average price of $32.83. The stock has a market cap of $9.60 billion, a PE ratio of 6.33, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22.

Bancolombia Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were issued a $0.8044 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $3.22 dividend on an annualized basis and a yield of 8.06%. Bancolombia’s dividend payout ratio (DPR) 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.