Robeco Institutional Asset Management B.V. Cuts Stake in BanColombia S.A. (NYSE:CIB)

Robeco Institutional Asset Management B.V. trimmed its position in shares of BanColombia S.A. (NYSE:CIB - Free Report) by 1.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 726,361 shares of the bank's stock after selling 12,615 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.30% of BanColombia worth $29,200,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of BanColombia by 40.0% during the 4th quarter. JPMorgan Chase & Co. now owns 484,281 shares of the bank's stock valued at $15,260,000 after acquiring an additional 138,461 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of BanColombia during the 4th quarter valued at about $3,104,000. Integrated Quantitative Investments LLC purchased a new stake in shares of BanColombia during the 4th quarter valued at about $693,000. Stokes Family Office LLC boosted its holdings in shares of BanColombia by 30.5% during the 4th quarter. Stokes Family Office LLC now owns 33,790 shares of the bank's stock valued at $1,065,000 after acquiring an additional 7,907 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of BanColombia by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 3,099,224 shares of the bank's stock valued at $97,657,000 after acquiring an additional 19,499 shares during the last quarter.

Analysts Set New Price Targets

Separately, UBS Group reaffirmed a "neutral" rating and set a $38.00 price target (up previously from $35.00) on shares of BanColombia in a report on Monday, June 2nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $39.00.

BanColombia Stock Performance

CIB opened at $45.15 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.26. The company has a market cap of $10.86 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 1.01 and a beta of 0.91. The company's 50 day moving average is $42.13 and its 200 day moving average is $39.37. BanColombia S.A. has a 12-month low of $30.25 and a 12-month high of $45.78.

BanColombia Increases Dividend

The company also recently announced 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 is a boost 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 presently 104.97%.

About BanColombia

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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