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

Quantinno Capital Management LP purchased a new position in shares of Bancolombia S.A. (NYSE:CIB) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,822 shares of the bank’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC lifted its stake in shares of Bancolombia by 6.4% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 7,800 shares of the bank’s stock worth $245,000 after acquiring an additional 471 shares during the period. Signaturefd LLC raised its holdings in Bancolombia by 10.6% during the second quarter. Signaturefd LLC now owns 5,053 shares of the bank’s stock worth $165,000 after purchasing an additional 484 shares in the last quarter. Blue Trust Inc. lifted its position in Bancolombia by 96.5% in the third 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 period. US Bancorp DE boosted its holdings in Bancolombia by 18.9% in the 3rd quarter. US Bancorp DE now owns 5,282 shares of the bank’s stock valued at $166,000 after purchasing an additional 839 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in Bancolombia during the 3rd quarter worth approximately $27,000.

Analyst Ratings Changes

Several research firms have recently commented on CIB. Bank of America cut Bancolombia from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $38.00 to $34.00 in a report on Thursday, August 29th. 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.

Bancolombia Price Performance

Shares of NYSE:CIB opened at $32.86 on Tuesday. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 5.21, a price-to-earnings-growth ratio of 3.47 and a beta of 1.22. 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 business’s 50 day simple moving average is $32.37 and its 200-day simple moving average is $32.73. Bancolombia S.A. has a 12 month low of $28.99 and a 12 month high of $37.85.

Bancolombia Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 30th will be issued a $0.8044 dividend. This represents a $3.22 annualized dividend and a yield of 9.79%. The ex-dividend date is Monday, December 30th. Bancolombia’s dividend payout ratio (DPR) is 50.87%.

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.