Sei Investments Co. Has $20.98 Million Stock Position in Bancolombia S.A. (NYSE:CIB)

Sei Investments Co. cut its stake in Bancolombia S.A. (NYSE:CIB) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 665,753 shares of the bank’s stock after selling 4,033 shares during the period. Sei Investments Co. owned about 0.28% of Bancolombia worth $20,978,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE raised its stake in Bancolombia by 5.9% during the fourth quarter. US Bancorp DE now owns 5,594 shares of the bank’s stock worth $176,000 after acquiring an additional 312 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Bancolombia by 74.7% in the 4th quarter. Lindbrook Capital LLC now owns 968 shares of the bank’s stock worth $31,000 after purchasing an additional 414 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Bancolombia by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank’s stock worth $72,000 after purchasing an additional 657 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Bancolombia by 6.5% during the 4th quarter. Ballentine Partners LLC now owns 11,209 shares of the bank’s stock valued at $353,000 after purchasing an additional 680 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC grew its stake in Bancolombia by 13.4% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 8,848 shares of the bank’s stock worth $279,000 after buying an additional 1,048 shares during the last quarter.

Bancolombia Price Performance

CIB opened at $44.32 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 1.00. The company’s 50 day simple moving average is $40.19 and its 200-day simple moving average is $34.99. Bancolombia S.A. has a one year low of $30.25 and a one year high of $44.93. The stock has a market capitalization of $10.66 billion, a P/E ratio of 7.03, a price-to-earnings-growth ratio of 2.47 and a beta of 1.22.

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

Bancolombia Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be paid a $3.8119 dividend. This represents a $15.25 annualized dividend and a dividend yield of 34.40%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Bancolombia’s previous quarterly dividend of $0.80. Bancolombia’s dividend payout ratio (DPR) is 241.90%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CIB. The Goldman Sachs Group lifted their target price on shares of Bancolombia from $31.00 to $35.00 and gave the company a “sell” rating in a research note on Monday, February 24th. Morgan Stanley raised 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 note on Tuesday, January 28th.

Bancolombia Company 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.