Bancolombia S.A. (NYSE:CIB) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its stake in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 16.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,633 shares of the bank's stock after selling 16,457 shares during the quarter. Invesco Ltd.'s holdings in Bancolombia were worth $2,667,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lindbrook Capital LLC lifted its stake in shares of Bancolombia by 74.7% during the fourth quarter. Lindbrook Capital LLC now owns 968 shares of the bank's stock worth $31,000 after purchasing an additional 414 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Bancolombia by 41.3% during the fourth 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 in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Bancolombia during the fourth quarter worth about $89,000. R Squared Ltd acquired a new position in shares of Bancolombia during the fourth quarter worth about $121,000. Finally, V Square Quantitative Management LLC lifted its stake in shares of Bancolombia by 126.1% during the fourth quarter. V Square Quantitative Management LLC now owns 5,288 shares of the bank's stock worth $169,000 after purchasing an additional 2,949 shares in the last quarter.

Analysts Set New Price Targets

CIB has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price target on Bancolombia from $31.00 to $35.00 and gave the stock a "sell" rating in a research note on Monday, February 24th. Morgan Stanley upgraded Bancolombia from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $40.00 to $53.00 in a research note on Tuesday, January 28th.

Bancolombia Trading Down 4.0 %

NYSE:CIB opened at $40.63 on Tuesday. The business's 50-day simple moving average is $41.21 and its 200 day simple moving average is $36.42. Bancolombia S.A. has a one year low of $30.25 and a one year high of $44.93. The stock has a market cap of $9.77 billion, a price-to-earnings ratio of 6.45, a price-to-earnings-growth ratio of 2.47 and a beta of 0.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.05.

Bancolombia (NYSE:CIB - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.22. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. The firm had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.41 billion. As a group, sell-side analysts predict that Bancolombia S.A. will post 6 earnings per share for the current fiscal year.

Bancolombia Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 9th. Shareholders of record on Tuesday, April 29th will be paid a dividend of $0.5745 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a yield of 17.13%. This is a boost from Bancolombia's previous dividend of $0.30. Bancolombia's dividend payout ratio is presently 107.46%.

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.

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