Bancolombia S.A. (NYSE:CIB) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD reduced its stake in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,518 shares of the bank's stock after selling 7,934 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.09% of Bancolombia worth $6,792,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Ballentine Partners LLC increased its position in shares of Bancolombia by 6.5% during the fourth quarter. Ballentine Partners LLC now owns 11,209 shares of the bank's stock worth $353,000 after acquiring an additional 680 shares in the last quarter. BSW Wealth Partners grew its stake in Bancolombia by 7.9% in the 4th quarter. BSW Wealth Partners now owns 17,932 shares of the bank's stock valued at $565,000 after buying an additional 1,306 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Bancolombia during the fourth quarter worth $121,000. Caprock Group LLC raised its position in shares of Bancolombia by 21.8% in the fourth quarter. Caprock Group LLC now owns 24,324 shares of the bank's stock valued at $786,000 after buying an additional 4,360 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Bancolombia by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank's stock worth $72,000 after buying an additional 657 shares in the last quarter.

Analysts Set New Price Targets

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

Bancolombia Trading Down 0.3 %

Shares of CIB stock traded down $0.12 during trading hours on Friday, reaching $41.06. 153,388 shares of the stock were exchanged, compared to its average volume of 313,844. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 6.52, a price-to-earnings-growth ratio of 2.47 and a beta of 0.91. Bancolombia S.A. has a 12-month low of $30.25 and a 12-month high of $44.93. The company's 50-day moving average price is $40.92 and its 200-day moving average price is $36.82. 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 (NYSE:CIB - Get Free Report) last posted its earnings results on Thursday, February 20th. The bank reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.22. The company had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.41 billion. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. As a group, equities analysts anticipate that Bancolombia S.A. will post 6 earnings per share for the current year.

Bancolombia Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 9th. Shareholders of record on Tuesday, April 29th will be given a dividend of $0.5745 per share. The ex-dividend date is Monday, April 28th. This represents a yield of 17.13%. This is an increase from Bancolombia's previous dividend of $0.30. 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.