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

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

A number of other large investors have also recently bought and sold shares of the company. Lindbrook Capital LLC raised its stake in Bancolombia by 74.7% in the 4th quarter. Lindbrook Capital LLC now owns 968 shares of the bank's stock valued at $31,000 after acquiring an additional 414 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Bancolombia by 41.3% in 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 during the period. SBI Securities Co. Ltd. bought a new position in shares of Bancolombia in the fourth quarter worth $89,000. V Square Quantitative Management LLC boosted its stake in Bancolombia by 126.1% in the fourth quarter. V Square Quantitative Management LLC now owns 5,288 shares of the bank's stock valued at $169,000 after buying an additional 2,949 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Bancolombia by 5.9% in the fourth quarter. US Bancorp DE now owns 5,594 shares of the bank's stock valued at $176,000 after buying an additional 312 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. The Goldman Sachs Group lifted their price target on Bancolombia from $31.00 to $35.00 and gave the company a "sell" rating in a research note on Monday, February 24th. UBS Group boosted their price target on Bancolombia from $35.00 to $38.00 and gave the company a "neutral" rating in a research note on Monday. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Bancolombia presently has a consensus rating of "Hold" and a consensus target price of $39.00.

Bancolombia Price Performance

CIB traded up $0.06 on Thursday, reaching $43.64. The company had a trading volume of 385,067 shares, compared to its average volume of 326,962. The business has a 50 day simple moving average of $40.68 and a 200 day simple moving average of $38.14. 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 company has a market cap of $10.49 billion, a price-to-earnings ratio of 6.93, a P/E/G ratio of 2.47 and a beta of 0.91. Bancolombia S.A. has a 52-week low of $30.25 and a 52-week 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. The ex-dividend date was Monday, April 28th. This is an increase from Bancolombia's previous dividend of $0.30. This represents a dividend 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.