Jane Street Group LLC Sells 22,313 Shares of Bancolombia S.A. (NYSE:CIB)

Jane Street Group LLC lessened its stake in Bancolombia S.A. (NYSE:CIB - Free Report) by 56.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,449 shares of the bank's stock after selling 22,313 shares during the quarter. Jane Street Group LLC's holdings in Bancolombia were worth $548,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CIB. Barrow Hanley Mewhinney & Strauss LLC grew its position in 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 in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Bancolombia by 12.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,323,482 shares of the bank's stock valued at $41,531,000 after acquiring an additional 150,022 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Bancolombia during the third quarter valued at approximately $8,208,000. Renaissance Technologies LLC lifted its holdings in Bancolombia by 117.2% during the second quarter. Renaissance Technologies LLC now owns 139,200 shares of the bank's stock worth $4,545,000 after acquiring an additional 75,100 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Bancolombia by 7.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,546 shares of the bank's stock worth $4,034,000 after acquiring an additional 8,432 shares during the period.

Bancolombia Stock Performance

NYSE:CIB traded up $0.32 during trading on Monday, reaching $32.31. The company's stock had a trading volume of 203,799 shares, compared to its average volume of 208,566. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 5.12, a price-to-earnings-growth ratio of 3.47 and a beta of 1.20. Bancolombia S.A. has a 12 month low of $30.25 and a 12 month high of $37.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a 50 day moving average of $32.36 and a 200-day moving average of $32.51.

Bancolombia Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 30th will be issued a dividend of $0.8044 per share. The ex-dividend date is Monday, December 30th. This represents a $3.22 dividend on an annualized basis and a yield of 9.96%. Bancolombia's dividend payout ratio (DPR) is presently 50.87%.

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.