UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Position in Bancolombia S.A. (NYSE:CIB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 16.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 127,158 shares of the bank's stock after selling 24,747 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.05% of Bancolombia worth $4,007,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CIB. Vanguard Group Inc. lifted its position in shares of Bancolombia by 0.6% in the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Bancolombia by 12.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 928,679 shares of the bank's stock valued at $29,263,000 after acquiring an additional 102,015 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Bancolombia in the fourth quarter valued at $24,801,000. JPMorgan Chase & Co. grew its holdings in shares of Bancolombia by 40.0% in the fourth quarter. JPMorgan Chase & Co. now owns 484,281 shares of the bank's stock valued at $15,260,000 after purchasing an additional 138,461 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Bancolombia by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 365,603 shares of the bank's stock worth $11,523,000 after purchasing an additional 14,293 shares during the last quarter.

Bancolombia Trading Down 1.2%

Shares of NYSE CIB traded down $0.52 during trading hours on Friday, hitting $43.06. 348,806 shares of the company traded hands, compared to its average volume of 326,596. The company's 50 day moving average price is $40.78 and its 200 day moving average price is $38.35. Bancolombia S.A. has a 12 month low of $30.25 and a 12 month high of $44.93. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 2.47 and a beta of 0.91. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60.

Bancolombia Increases Dividend

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

Wall Street Analysts Forecast Growth

CIB has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of Bancolombia from $31.00 to $35.00 and gave the company a "sell" rating in a research report on Monday, February 24th. UBS Group reaffirmed 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 research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Bancolombia presently has a consensus rating of "Hold" and an average target price 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.