Bancolombia S.A. (NYSE:CIB) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lowered its stake in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 10.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,237,084 shares of the bank's stock after selling 141,170 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.51% of Bancolombia worth $38,981,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC boosted its holdings in shares of Bancolombia by 74.7% during the fourth quarter. Lindbrook Capital LLC now owns 968 shares of the bank's stock valued at $31,000 after acquiring an additional 414 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Bancolombia by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank's stock valued at $72,000 after purchasing an additional 657 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Bancolombia in the 4th quarter valued at about $89,000. R Squared Ltd acquired a new position in Bancolombia during the 4th quarter valued at about $121,000. Finally, V Square Quantitative Management LLC grew its position in Bancolombia by 126.1% in the 4th quarter. V Square Quantitative Management LLC now owns 5,288 shares of the bank's stock worth $169,000 after purchasing an additional 2,949 shares during the last quarter.

Bancolombia Price Performance

Shares of NYSE:CIB traded down $2.18 during trading on Friday, reaching $40.05. The company had a trading volume of 947,327 shares, compared to its average volume of 299,225. The firm's fifty day moving average is $41.43 and its 200 day moving average is $35.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.05. The firm has a market capitalization of $9.63 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 2.47 and a beta of 1.22. Bancolombia S.A. has a twelve month low of $30.25 and a twelve month high of $44.93.

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Bancolombia (NYSE:CIB - Get Free Report) last released its earnings results on Thursday, February 20th. The bank reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.22. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.41 billion. On average, equities analysts forecast that Bancolombia S.A. will post 6 EPS for the current year.

Bancolombia Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be issued a dividend of $3.8119 per share. This is a positive change from Bancolombia's previous quarterly dividend of $0.80. This represents a $15.25 dividend on an annualized basis and a yield of 38.07%. The ex-dividend date of this dividend is Monday, March 31st. Bancolombia's payout ratio is presently 241.90%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CIB. Morgan Stanley upgraded Bancolombia from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $40.00 to $53.00 in a research report on Tuesday, January 28th. The Goldman Sachs Group boosted their price target on Bancolombia from $31.00 to $35.00 and gave the stock a "sell" rating in a research report on Monday, February 24th.

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.