Bancolombia S.A. (NYSE:CIB) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in Bancolombia S.A. (NYSE:CIB – Get Rating) by 61.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,389 shares of the bank’s stock after selling 110,397 shares during the quarter. Russell Investments Group Ltd.’s holdings in Bancolombia were worth $2,009,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in shares of Bancolombia by 13.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,719 shares of the bank’s stock worth $117,000 after acquiring an additional 327 shares in the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of Bancolombia by 12.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 5,173 shares of the bank’s stock worth $221,000 after purchasing an additional 553 shares during the last quarter. Atlas Capital Advisors LLC lifted its holdings in shares of Bancolombia by 47.7% in the 3rd quarter. Atlas Capital Advisors LLC now owns 1,858 shares of the bank’s stock worth $45,000 after purchasing an additional 600 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Bancolombia by 7.7% in the 1st quarter. US Bancorp DE now owns 8,982 shares of the bank’s stock worth $383,000 after purchasing an additional 643 shares during the last quarter. Finally, Wetherby Asset Management Inc. lifted its holdings in shares of Bancolombia by 9.7% in the 1st quarter. Wetherby Asset Management Inc. now owns 8,031 shares of the bank’s stock worth $343,000 after purchasing an additional 712 shares during the last quarter. Institutional investors and hedge funds own 1.89% of the company’s stock.

Bancolombia Trading Down 0.3 %

Shares of Bancolombia stock opened at $23.73 on Monday. The business’s fifty day moving average price is $25.10 and its two-hundred day moving average price is $26.50. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. Bancolombia S.A. has a 1-year low of $21.55 and a 1-year high of $45.98.

Bancolombia (NYSE:CIB – Get Rating) last announced its earnings results on Thursday, February 23rd. The bank reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.03. The firm had revenue of $1.44 billion for the quarter. Bancolombia had a return on equity of 17.92% and a net margin of 18.25%. As a group, equities research analysts anticipate that Bancolombia S.A. will post 5.75 EPS for the current fiscal year.

Bancolombia Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 13th. Shareholders of record on Friday, March 31st were paid a dividend of $0.7332 per share. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $2.93 annualized dividend and a yield of 12.36%. This is an increase from Bancolombia’s previous quarterly dividend of $0.65. Bancolombia’s payout ratio is presently 44.69%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CIB shares. Bank of America downgraded Bancolombia from a “buy” rating to a “neutral” rating in a report on Thursday, April 27th. TheStreet raised Bancolombia from a “c+” rating to a “b-” rating in a report on Friday, April 14th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

Bancolombia Profile

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Bancolombia SA provides various banking products and services to individual, corporate, and government customers in Colombia, Latin America, and the Caribbean region. It operates through following operating segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment banking, Brokerage, Off Shore and Others.