Bancolombia S.A. (NYSE:CIB) Shares Sold by Jump Financial LLC

Jump Financial LLC reduced its stake in Bancolombia S.A. (NYSE:CIB - Free Report) by 31.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,394 shares of the bank's stock after selling 9,046 shares during the quarter. Jump Financial LLC's holdings in Bancolombia were worth $611,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Lindbrook Capital LLC lifted its holdings 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 purchasing an additional 414 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Bancolombia by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank's stock valued at $72,000 after buying an additional 657 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Bancolombia during the fourth quarter worth approximately $89,000. R Squared Ltd purchased a new stake in Bancolombia in the 4th quarter worth approximately $121,000. Finally, V Square Quantitative Management LLC raised its holdings in Bancolombia by 126.1% in the 4th quarter. V Square Quantitative Management LLC now owns 5,288 shares of the bank's stock valued at $169,000 after acquiring an additional 2,949 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have recently commented on CIB. Morgan Stanley raised Bancolombia from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $40.00 to $53.00 in a research report on Tuesday, January 28th. The Goldman Sachs Group upped their price objective on shares of Bancolombia from $31.00 to $35.00 and gave the company a "sell" rating in a research note on Monday, February 24th.

Bancolombia Trading Down 0.2 %

Bancolombia stock traded down $0.07 during midday trading on Tuesday, reaching $40.60. The stock had a trading volume of 86,316 shares, compared to its average volume of 309,784. The stock's 50-day simple moving average is $41.21 and its 200 day simple moving average is $36.42. Bancolombia S.A. has a twelve month low of $30.25 and a twelve month high of $44.93. 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 stock has a market capitalization of $9.76 billion, a PE ratio of 6.45, a price-to-earnings-growth ratio of 2.47 and a beta of 0.85.

Bancolombia (NYSE:CIB - Get Free Report) last posted its earnings results on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.22. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.41 billion. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. Analysts expect that Bancolombia S.A. will post 6 EPS for the current year.

Bancolombia Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 9th. Investors of record on Tuesday, April 29th will be issued a $0.5745 dividend. The ex-dividend date of this dividend is Monday, April 28th. This is a boost from Bancolombia's previous dividend of $0.30. This represents a yield of 17.13%. Bancolombia's dividend payout ratio is currently 107.46%.

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.