American Century Companies Inc. Raises Holdings in Bancolombia S.A. (NYSE:CIB)

American Century Companies Inc. raised its holdings in Bancolombia S.A. (NYSE:CIB) by 6.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 96,890 shares of the bank’s stock after purchasing an additional 6,243 shares during the period. American Century Companies Inc.’s holdings in Bancolombia were worth $3,053,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new stake in shares of Bancolombia during the 3rd quarter worth about $8,208,000. Raymond James Financial Inc. purchased a new position in Bancolombia during the fourth quarter worth about $3,104,000. XTX Topco Ltd acquired a new stake in shares of Bancolombia during the third quarter valued at about $385,000. Centiva Capital LP purchased a new stake in shares of Bancolombia in the 3rd quarter valued at approximately $288,000. Finally, Stokes Family Office LLC raised its stake in shares of Bancolombia by 30.5% in the 4th quarter. Stokes Family Office LLC now owns 33,790 shares of the bank’s stock valued at $1,065,000 after acquiring an additional 7,907 shares during the period.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of 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 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 Down 5.2 %

Shares of NYSE:CIB opened at $40.05 on Monday. The firm’s 50-day moving average is $41.43 and its two-hundred day moving average is $35.52. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 1.00. Bancolombia S.A. has a 1 year low of $30.25 and a 1 year high of $44.93. The firm has a market capitalization of $9.63 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 2.47 and a beta of 0.85.

Bancolombia (NYSE:CIB) last released its earnings results on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.41 billion. Analysts predict that Bancolombia S.A. will post 6 EPS for the current year.

Bancolombia Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be given a dividend of $3.8119 per share. This is a boost from Bancolombia’s previous quarterly dividend of $0.80. This represents a $15.25 annualized dividend and a dividend yield of 38.07%. The ex-dividend date of this dividend is Monday, March 31st. Bancolombia’s payout ratio is 235.56%.

About Bancolombia

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.