Grantham Mayo Van Otterloo & Co. LLC Sells 92,500 Shares of Bancolombia S.A. (NYSE:CIB)

Grantham Mayo Van Otterloo & Co. LLC decreased its position in Bancolombia S.A. (NYSE:CIB - Free Report) by 33.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,805 shares of the bank's stock after selling 92,500 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.08% of Bancolombia worth $5,729,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP bought a new stake in Bancolombia in the 3rd quarter valued at about $8,208,000. Raymond James Financial Inc. bought a new stake in shares of Bancolombia in the fourth quarter valued at approximately $3,104,000. XTX Topco Ltd purchased a new stake in shares of Bancolombia during the 3rd quarter valued at approximately $385,000. Centiva Capital LP bought a new position in Bancolombia in the 3rd quarter worth approximately $288,000. Finally, Stokes Family Office LLC grew its stake in Bancolombia by 30.5% in the 4th quarter. Stokes Family Office LLC now owns 33,790 shares of the bank's stock valued at $1,065,000 after buying an additional 7,907 shares in the last quarter.

Bancolombia Price Performance

Bancolombia stock traded up $0.68 during mid-day trading on Friday, hitting $37.17. 310,291 shares of the company traded hands, compared to its average volume of 307,746. The stock has a fifty day moving average price of $41.22 and a 200-day moving average price of $35.68. 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 stock has a market cap of $8.94 billion, a price-to-earnings ratio of 5.91, a price-to-earnings-growth ratio of 2.47 and a beta of 0.85. Bancolombia S.A. has a one year low of $30.25 and a one year 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. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.41 billion. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. On average, equities analysts predict that Bancolombia S.A. will post 6 earnings per share for the current fiscal year.

Bancolombia Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be paid a dividend of $3.8119 per share. This is a boost from Bancolombia's previous quarterly dividend of $0.80. This represents a $15.25 dividend on an annualized basis and a dividend yield of 41.02%. The ex-dividend date is Monday, March 31st. Bancolombia's dividend payout ratio (DPR) is 235.56%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley raised Bancolombia from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $40.00 to $53.00 in a report on Tuesday, January 28th. The Goldman Sachs Group increased their price objective 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.