Jane Street Group LLC Trims Position in Bancolombia S.A. (NYSE:CIB)

Jane Street Group LLC decreased its holdings in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 58.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,331 shares of the bank's stock after selling 10,118 shares during the period. Jane Street Group LLC's holdings in Bancolombia were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lindbrook Capital LLC grew its holdings 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 acquiring an additional 414 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings 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 acquiring an additional 657 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Bancolombia in the 4th quarter worth approximately $89,000. V Square Quantitative Management LLC grew its holdings 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 acquiring an additional 2,949 shares during the period. Finally, US Bancorp DE grew its holdings in shares of Bancolombia by 5.9% in the 4th quarter. US Bancorp DE now owns 5,594 shares of the bank's stock worth $176,000 after acquiring an additional 312 shares during the period.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CIB. The Goldman Sachs Group upped their price target on Bancolombia from $31.00 to $35.00 and gave the stock a "sell" rating in a report on Monday, February 24th. UBS Group restated a "neutral" rating and issued a $38.00 price target (up previously from $35.00) on shares of Bancolombia in a report on Monday, June 2nd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Bancolombia presently has an average rating of "Hold" and an average target price of $39.00.

Bancolombia Price Performance

NYSE:CIB traded down $0.52 during trading hours on Friday, reaching $43.06. 348,806 shares of the company traded hands, compared to its average volume of 326,596. The firm's 50-day moving average is $40.78 and its 200-day moving average is $38.35. The stock has a market cap of $10.35 billion, a P/E ratio of 6.83, 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 current ratio of 1.05 and a quick ratio of 1.00. Bancolombia S.A. has a 1-year low of $30.25 and a 1-year high of $44.93.

Bancolombia Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, May 9th. Shareholders of record on Tuesday, April 29th were paid a dividend of $0.5745 per share. This represents a dividend yield of 17.13%. The ex-dividend date of this dividend was Monday, April 28th. This is a positive change from Bancolombia's previous dividend of $0.30. Bancolombia's dividend payout ratio is currently 104.81%.

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.