BSW Wealth Partners Increases Stake in Bancolombia S.A. (NYSE:CIB)

BSW Wealth Partners grew its holdings in Bancolombia S.A. (NYSE:CIB) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,932 shares of the bank’s stock after buying an additional 1,306 shares during the quarter. BSW Wealth Partners’ holdings in Bancolombia were worth $565,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC acquired a new position in Bancolombia during the third quarter worth $27,000. Blue Trust Inc. lifted its stake 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. US Bancorp DE lifted its stake in shares of 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 during the last quarter. AXA S.A. acquired a new position in shares of Bancolombia in the 2nd quarter valued at $192,000. Finally, Measured Wealth Private Client Group LLC lifted its stake in Bancolombia by 6.4% during 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 in the last quarter.

Analyst Ratings Changes

Separately, Morgan Stanley raised Bancolombia from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $53.00 in a research note on Tuesday.

Bancolombia Stock Up 4.5 %

Bancolombia stock opened at $38.56 on Wednesday. Bancolombia S.A. has a twelve month low of $30.25 and a twelve month high of $39.73. The stock has a 50 day moving average of $32.80 and a two-hundred day moving average of $32.53. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $9.27 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 1.87 and a beta of 1.20.

Bancolombia Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were given a $0.8044 dividend. This represents a $3.22 dividend on an annualized basis and a dividend yield of 8.34%. The ex-dividend date was Monday, December 30th. Bancolombia’s dividend payout ratio is currently 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.