90,650 Shares in Bancolombia S.A. (NYSE:CIB) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Bancolombia S.A. (NYSE:CIB - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 90,650 shares of the bank's stock, valued at approximately $2,845,000.

Other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new position in shares of Bancolombia during the second quarter valued at $506,000. Capital Wealth Planning LLC increased its position in Bancolombia by 35.9% during the 2nd quarter. Capital Wealth Planning LLC now owns 82,611 shares of the bank's stock valued at $2,697,000 after purchasing an additional 21,841 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Bancolombia by 117.2% in the 2nd quarter. Renaissance Technologies LLC now owns 139,200 shares of the bank's stock valued at $4,545,000 after purchasing an additional 75,100 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Bancolombia by 45.3% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,412,322 shares of the bank's stock worth $46,112,000 after purchasing an additional 440,026 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in shares of Bancolombia by 671.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 62,201 shares of the bank's stock worth $2,031,000 after purchasing an additional 54,136 shares during the period.

Wall Street Analysts Forecast Growth

CIB has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on shares of Bancolombia from $36.00 to $35.00 and set an "underweight" rating for the company in a research note on Monday, August 12th. Bank of America downgraded Bancolombia from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from $38.00 to $34.00 in a research report on Thursday, August 29th. Finally, The Goldman Sachs Group downgraded shares of Bancolombia from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $34.00 to $32.00 in a report on Tuesday, August 20th.

Bancolombia Stock Performance

Shares of CIB traded down $0.71 during midday trading on Thursday, hitting $32.76. 184,357 shares of the company's stock traded hands, compared to its average volume of 267,466. Bancolombia S.A. has a 1 year low of $26.72 and a 1 year high of $37.85. The firm's fifty day moving average is $32.01 and its 200-day moving average is $33.06. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.00.

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 9.82%. The ex-dividend date is Monday, December 30th. Bancolombia's dividend payout ratio (DPR) is presently 52.61%.

Bancolombia Company 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.