Public Employees Retirement System of Ohio Makes New $2.67 Million Investment in Bancolombia S.A. (NYSE:CIB)

Public Employees Retirement System of Ohio acquired a new stake in Bancolombia S.A. (NYSE:CIB - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 84,992 shares of the bank's stock, valued at approximately $2,667,000.

Other large investors have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC lifted its stake in Bancolombia by 6.4% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 7,800 shares of the bank's stock valued at $245,000 after purchasing an additional 471 shares during the last quarter. Signaturefd LLC grew its position in Bancolombia by 10.6% in the 2nd quarter. Signaturefd LLC now owns 5,053 shares of the bank's stock worth $165,000 after purchasing an additional 484 shares in the last quarter. Blue Trust Inc. grew its position in shares of Bancolombia by 96.5% during the 3rd quarter. Blue Trust Inc. now owns 1,305 shares of the bank's stock valued at $43,000 after acquiring an additional 641 shares during the period. US Bancorp DE lifted its stake in shares of Bancolombia by 18.9% during the 3rd quarter. US Bancorp DE now owns 5,282 shares of the bank's stock valued at $166,000 after buying an additional 839 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in Bancolombia in the 3rd quarter worth approximately $27,000.

Bancolombia Stock Down 1.0 %

NYSE CIB traded down $0.33 during trading on Tuesday, reaching $32.54. 228,837 shares of the company's stock traded hands, compared to its average volume of 263,225. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 5.16, a price-to-earnings-growth ratio of 3.47 and a beta of 1.22. The company's 50 day simple moving average is $32.37 and its two-hundred day simple moving average is $32.73. Bancolombia S.A. has a 12-month low of $28.99 and a 12-month high of $37.85.

Bancolombia Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 30th will be paid a $0.8044 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 9.89%. The ex-dividend date is Monday, December 30th. Bancolombia's dividend payout ratio (DPR) is presently 50.87%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Bank of America lowered shares of Bancolombia from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $38.00 to $34.00 in a report on Thursday, August 29th. The Goldman Sachs Group cut shares of Bancolombia from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $34.00 to $32.00 in a report on Tuesday, August 20th.

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.