Boston Common Asset Management LLC Increases Stake in Bancolombia S.A. (NYSE:CIB)

Boston Common Asset Management LLC lifted its holdings in Bancolombia S.A. (NYSE:CIB - Free Report) by 3.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,615 shares of the bank's stock after purchasing an additional 6,242 shares during the quarter. Boston Common Asset Management LLC owned about 0.08% of Bancolombia worth $7,864,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CIB. Lindbrook Capital LLC boosted its position in shares of Bancolombia by 74.7% in the 4th 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. boosted its position in shares of Bancolombia by 41.3% in the 4th 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 stake in shares of Bancolombia in the 4th quarter worth $89,000. R Squared Ltd acquired a new stake in shares of Bancolombia in the 4th quarter worth $121,000. Finally, V Square Quantitative Management LLC boosted its position in shares of Bancolombia by 126.1% in the 4th 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.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised their price objective on Bancolombia from $31.00 to $35.00 and gave the stock a "sell" rating in a research report on Monday, February 24th.

Bancolombia Stock Performance

CIB stock traded down $1.13 during midday trading on Friday, reaching $41.33. The stock had a trading volume of 717,252 shares, compared to its average volume of 321,859. The stock has a market cap of $9.94 billion, a PE ratio of 6.56, a P/E/G ratio of 2.47 and a beta of 0.91. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.05. The firm has a fifty day simple moving average of $40.71 and a two-hundred day simple moving average of $37.93. Bancolombia S.A. has a 52-week low of $30.25 and a 52-week high of $44.93.

Bancolombia Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 9th. Investors of record on Tuesday, April 29th were paid a $0.5745 dividend. This is a positive change from Bancolombia's previous dividend of $0.30. The ex-dividend date was Monday, April 28th. This represents a yield of 17.13%. Bancolombia's dividend payout ratio (DPR) is 104.81%.

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.