Renaissance Technologies LLC boosted its position in BanColombia S.A. (NYSE:CIB) by 8.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 162,100 shares of the bank’s stock after buying an additional 13,000 shares during the period. Renaissance Technologies LLC owned about 0.07% of BanColombia worth $6,463,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the company. Huntington National Bank increased its position in shares of BanColombia by 12.7% in the first quarter. Huntington National Bank now owns 3,235 shares of the bank’s stock worth $129,000 after buying an additional 365 shares in the last quarter. Advisors Preferred LLC acquired a new position in shares of BanColombia during the first quarter worth $140,000. Federated Investors Inc. PA acquired a new position in shares of BanColombia during the fourth quarter worth $150,000. Teza Capital Management LLC acquired a new position in shares of BanColombia during the first quarter worth $204,000. Finally, Comerica Bank increased its position in shares of BanColombia by 12.6% in the fourth quarter. Comerica Bank now owns 6,395 shares of the bank’s stock worth $243,000 after buying an additional 714 shares in the last quarter. Institutional investors and hedge funds own 16.06% of the company’s stock.
BanColombia S.A. (NYSE CIB) traded down 2.07% during midday trading on Wednesday, reaching $42.61. The company had a trading volume of 615,196 shares. The company has a market capitalization of $10.25 billion, a PE ratio of 10.09 and a beta of 0.32. BanColombia S.A. has a one year low of $31.98 and a one year high of $47.20. The stock’s 50 day moving average is $44.24 and its 200 day moving average is $41.14.
The firm also recently declared a special dividend, which was paid on Friday, July 14th. Investors of record on Wednesday, July 5th were given a dividend of $0.3116 per share. The ex-dividend date was Friday, June 30th. This represents a yield of 3.1%. BanColombia’s dividend payout ratio (DPR) is currently 26.62%.
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CIB has been the topic of a number of recent research reports. Standpoint Research cut BanColombia from a “buy” rating to a “hold” rating in a research report on Monday, May 22nd. Credit Suisse Group set a $45.00 price objective on BanColombia and gave the stock a “hold” rating in a research report on Wednesday, May 24th. J P Morgan Chase & Co reissued a “neutral” rating and set a $41.00 price objective (down previously from $42.00) on shares of BanColombia in a research report on Monday, June 5th. Zacks Investment Research cut BanColombia from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Finally, BidaskClub cut BanColombia from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. BanColombia has an average rating of “Hold” and a consensus price target of $43.50.
Bancolombia SA (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other.
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