Robeco Institutional Asset Management B.V. Sells 12,615 Shares of BanColombia S.A. (NYSE:CIB)

Robeco Institutional Asset Management B.V. reduced its position in shares of BanColombia S.A. (NYSE:CIB - Free Report) by 1.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. 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 approximately 0.30% of BanColombia worth $29,200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE increased its position in shares of 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 acquiring an additional 312 shares during the period. Capital Wealth Planning LLC grew its stake in shares of BanColombia by 8.8% in the fourth quarter. Capital Wealth Planning LLC now owns 96,850 shares of the bank's stock worth $3,052,000 after purchasing an additional 7,856 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in BanColombia during the 4th quarter valued at about $89,000. Moneda S.A. Administradora General de Fondos purchased a new position in BanColombia during the 4th quarter valued at about $2,218,000. Finally, Raymond James Financial Inc. bought a new position in BanColombia during the 4th quarter valued at approximately $3,104,000.

BanColombia Stock Performance

CIB traded down $0.55 during midday trading on Tuesday, hitting $45.64. 253,088 shares of the company traded hands, compared to its average volume of 329,868. The company's 50-day moving average is $42.34 and its 200 day moving average is $39.58. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $10.97 billion, a PE ratio of 7.31, a price-to-earnings-growth ratio of 1.03 and a beta of 0.93. BanColombia S.A. has a 52 week low of $30.25 and a 52 week high of $46.68.

BanColombia Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 9th. Investors of record on Tuesday, April 29th were given a dividend of $0.5745 per share. This is an increase 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 is 91.19%.

Analyst Upgrades and Downgrades

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

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.