Measured Wealth Private Client Group LLC Buys 1,048 Shares of Bancolombia S.A. (NYSE:CIB)

Measured Wealth Private Client Group LLC grew its holdings in Bancolombia S.A. (NYSE:CIB) by 13.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,848 shares of the bank’s stock after purchasing an additional 1,048 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Bancolombia were worth $279,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new stake in Bancolombia in the 3rd quarter valued at about $27,000. Blue Trust Inc. lifted its stake 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 buying an additional 641 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Bancolombia by 41.3% in 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 during the period. R Squared Ltd acquired a new stake in shares of Bancolombia in the 4th quarter valued at about $121,000. Finally, US Bancorp DE lifted its holdings in shares of Bancolombia by 18.9% in the third 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.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upgraded shares of Bancolombia from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $40.00 to $53.00 in a research note on Tuesday, January 28th.

Bancolombia Stock Up 2.0 %

Shares of NYSE:CIB opened at $39.94 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.00. Bancolombia S.A. has a 52-week low of $30.25 and a 52-week high of $40.62. The firm has a fifty day moving average of $33.73 and a 200 day moving average of $32.83. The firm has a market capitalization of $9.60 billion, a PE ratio of 6.33, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22.

Bancolombia Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were paid a dividend of $0.8044 per share. This represents a $3.22 dividend on an annualized basis and a dividend yield of 8.06%. The ex-dividend date of this dividend was Monday, December 30th. Bancolombia’s payout ratio is 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.