Bancolombia S.A. (NYSE:CIB) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its position in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 326,338 shares of the bank's stock after selling 121,470 shares during the period. Legal & General Group Plc owned 0.14% of Bancolombia worth $10,283,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CIB. Vanguard Group Inc. boosted its position in shares of Bancolombia by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 3,099,224 shares of the bank's stock worth $97,657,000 after acquiring an additional 19,499 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Bancolombia by 12.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 928,679 shares of the bank's stock valued at $29,263,000 after purchasing an additional 102,015 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Bancolombia by 40.0% in the fourth quarter. JPMorgan Chase & Co. now owns 484,281 shares of the bank's stock valued at $15,260,000 after purchasing an additional 138,461 shares in the last quarter. Amundi increased its stake in Bancolombia by 2.1% in the fourth quarter. Amundi now owns 362,391 shares of the bank's stock valued at $11,741,000 after purchasing an additional 7,386 shares during the last quarter. Finally, Truffle Hound Capital LLC acquired a new stake in Bancolombia during the fourth quarter worth approximately $11,028,000.

Bancolombia Stock Performance

Shares of Bancolombia stock traded up $1.26 during trading on Tuesday, reaching $41.29. The company's stock had a trading volume of 388,654 shares, compared to its average volume of 310,531. The company has a 50-day moving average price of $41.17 and a two-hundred day moving average price of $36.11. Bancolombia S.A. has a fifty-two week low of $30.25 and a fifty-two week high of $44.93. The firm has a market cap of $9.93 billion, a PE ratio of 6.55, a P/E/G ratio of 2.47 and a beta of 0.85. 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 announced 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. Bancolombia had a net margin of 14.14% and a return on equity of 14.61%. The business had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.41 billion. On average, analysts forecast that Bancolombia S.A. will post 6 EPS for the current year.

Bancolombia Increases Dividend

The business also recently disclosed 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. This represents a yield of 17.13%. This is a boost from Bancolombia's previous dividend of $0.30. The ex-dividend date is Monday, April 28th. Bancolombia's dividend payout ratio (DPR) is presently 107.46%.

Analyst Ratings Changes

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

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.