XTX Topco Ltd Invests $385,000 in Bancolombia S.A. (NYSE:CIB)

XTX Topco Ltd bought a new stake in Bancolombia S.A. (NYSE:CIB) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 12,269 shares of the bank’s stock, valued at approximately $385,000.

Other large investors have also added to or reduced their stakes in the company. Summit Global Investments grew its position in shares of Bancolombia by 228.3% in the 2nd quarter. Summit Global Investments now owns 146,944 shares of the bank’s stock worth $4,798,000 after buying an additional 102,182 shares during the last quarter. Liontrust Investment Partners LLP lifted its holdings in shares of Bancolombia by 21.7% during the 2nd quarter. Liontrust Investment Partners LLP now owns 28,000 shares of the bank’s stock valued at $914,000 after purchasing an additional 5,000 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Bancolombia by 10.6% during the 2nd quarter. Signaturefd LLC now owns 5,053 shares of the bank’s stock valued at $165,000 after purchasing an additional 484 shares during the last quarter. Moneda S.A. Administradora General de Fondos acquired a new stake in shares of Bancolombia in the 2nd quarter worth $5,756,000. Finally, American Century Companies Inc. grew its stake in Bancolombia by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 78,631 shares of the bank’s stock worth $2,567,000 after buying an additional 4,233 shares during the last quarter.

Bancolombia Stock Performance

Shares of CIB opened at $33.19 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50-day moving average of $32.33 and a two-hundred day moving average of $32.75. The stock has a market cap of $7.98 billion, a P/E ratio of 5.26, a P/E/G ratio of 3.47 and a beta of 1.22. Bancolombia S.A. has a one year low of $28.78 and a one year high of $37.85.

Bancolombia Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 30th will be given a $0.8044 dividend. The ex-dividend date is Monday, December 30th. This represents a $3.22 dividend on an annualized basis and a yield of 9.69%. Bancolombia’s dividend payout ratio is currently 50.87%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CIB. The Goldman Sachs Group downgraded Bancolombia from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $34.00 to $32.00 in a report on Tuesday, August 20th. Bank of America downgraded shares of Bancolombia from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $38.00 to $34.00 in a research report on Thursday, August 29th.

About Bancolombia

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.