Vanguard Group Inc. Has $106.23 Million Stock Position in Bancolombia S.A. (NYSE:CIB)

Vanguard Group Inc. decreased its stake in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,981,791 shares of the bank's stock after selling 76,270 shares during the period. Vanguard Group Inc. owned 1.66% of Bancolombia worth $106,234,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Qube Research & Technologies Ltd acquired a new stake in shares of Bancolombia in the third quarter worth $27,000. FMR LLC increased its position in shares of Bancolombia by 185.2% in the third quarter. FMR LLC now owns 1,423 shares of the bank's stock worth $38,000 after acquiring an additional 924 shares in the last quarter. US Bancorp DE increased its position in shares of Bancolombia by 25.0% in the second quarter. US Bancorp DE now owns 2,262 shares of the bank's stock worth $60,000 after acquiring an additional 453 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Bancolombia by 1,934.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,072 shares of the bank's stock worth $82,000 after acquiring an additional 2,921 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Bancolombia by 13.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,719 shares of the bank's stock worth $117,000 after acquiring an additional 327 shares in the last quarter.

Bancolombia Stock Performance

CIB traded down $0.38 during trading hours on Friday, reaching $36.38. 427,971 shares of the stock traded hands, compared to its average volume of 281,407. The firm's fifty day simple moving average is $32.85 and its two-hundred day simple moving average is $29.80. Bancolombia S.A. has a fifty-two week low of $23.12 and a fifty-two week high of $37.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.05 and a quick ratio of 1.05.

Bancolombia (NYSE:CIB - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The bank reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.26. Bancolombia had a net margin of 13.51% and a return on equity of 18.46%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.68 billion. As a group, equities research analysts anticipate that Bancolombia S.A. will post 5.69 EPS for the current fiscal year.

Bancolombia Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Monday, April 1st will be paid a dividend of $0.8118 per share. The ex-dividend date is Thursday, March 28th. This represents a $3.25 dividend on an annualized basis and a yield of 8.93%. Bancolombia's dividend payout ratio (DPR) is 59.84%.

Wall Street Analyst Weigh In

Separately, HSBC lowered shares of Bancolombia from a "buy" rating to a "hold" rating in a report on Monday, January 8th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.65.

Bancolombia Company Profile

Bancolombia SA provides banking products and services in Colombia, Panama, Puerto Rico, El Salvador, Bermuda, and Guatemala. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.