Quantinno Capital Management LP Takes $245,000 Position in Bancolombia S.A. (NYSE:CIB)

Quantinno Capital Management LP acquired a new position in shares of Bancolombia S.A. (NYSE:CIB) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,822 shares of the bank’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Bancolombia by 45.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,412,322 shares of the bank’s stock worth $46,112,000 after acquiring an additional 440,026 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Bancolombia by 12.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,323,482 shares of the bank’s stock valued at $41,531,000 after purchasing an additional 150,022 shares in the last quarter. Moneda S.A. Administradora General de Fondos acquired a new stake in shares of Bancolombia during the 2nd quarter worth about $5,756,000. Renaissance Technologies LLC grew its holdings in shares of Bancolombia by 117.2% during the second quarter. Renaissance Technologies LLC now owns 139,200 shares of the bank’s stock worth $4,545,000 after buying an additional 75,100 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Bancolombia by 7.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,546 shares of the bank’s stock valued at $4,034,000 after buying an additional 8,432 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CIB shares. The Goldman Sachs Group lowered shares of Bancolombia from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $34.00 to $32.00 in a research report on Tuesday, August 20th. Bank of America cut Bancolombia from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $38.00 to $34.00 in a report on Thursday, August 29th.

Bancolombia Price Performance

Bancolombia stock opened at $32.86 on Tuesday. Bancolombia S.A. has a 1 year low of $28.99 and a 1 year high of $37.85. 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 firm has a 50 day moving average price of $32.37 and a 200 day moving average price of $32.73. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 5.21, a PEG ratio of 3.47 and a beta of 1.22.

Bancolombia Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 30th will be issued a dividend of $0.8044 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 9.79%. Bancolombia’s payout ratio is 50.87%.

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.