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

Invesco Ltd. lowered its stake in Bancolombia S.A. (NYSE:CIB - Free Report) by 16.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its position 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. grew its holdings 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 buying an additional 657 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Bancolombia in the fourth quarter valued at about $89,000. R Squared Ltd purchased a new position in shares of Bancolombia in the fourth quarter worth about $121,000. Finally, V Square Quantitative Management LLC boosted its position in 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 acquiring an additional 2,949 shares during the last quarter.

Bancolombia Trading Up 1.4 %

Shares of CIB stock traded up $0.58 during trading on Friday, hitting $41.08. 203,601 shares of the stock traded hands, compared to its average volume of 312,715. The firm has a market capitalization of $9.88 billion, a P/E ratio of 6.52, a price-to-earnings-growth ratio of 2.47 and a beta of 0.85. Bancolombia S.A. has a 52-week low of $30.25 and a 52-week high of $44.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 1.00. The firm's fifty day moving average price is $41.00 and its 200-day moving average price is $36.62.

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

Bancolombia Increases Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on CIB. Morgan Stanley upgraded Bancolombia from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $40.00 to $53.00 in a report on Tuesday, January 28th. The Goldman Sachs Group upped their target price on Bancolombia from $31.00 to $35.00 and gave the company a "sell" rating in a report on Monday, February 24th.

Bancolombia Company 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.