JPMorgan Chase & Co. Sells 194,271 Shares of Bancolombia S.A. (NYSE:CIB)

JPMorgan Chase & Co. trimmed its holdings in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 36.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,820 shares of the bank's stock after selling 194,271 shares during the period. JPMorgan Chase & Co. owned 0.14% of Bancolombia worth $10,852,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CIB. Venturi Wealth Management LLC acquired a new stake in shares of Bancolombia in the 3rd quarter valued at $27,000. Blue Trust Inc. increased its stake in shares of Bancolombia by 96.5% in the 3rd quarter. Blue Trust Inc. now owns 1,305 shares of the bank's stock valued at $43,000 after buying an additional 641 shares during the period. US Bancorp DE increased its stake in shares of Bancolombia by 18.9% in the 3rd quarter. US Bancorp DE now owns 5,282 shares of the bank's stock valued at $166,000 after buying an additional 839 shares during the period. AXA S.A. acquired a new stake in shares of Bancolombia in the 2nd quarter valued at $192,000. Finally, Measured Wealth Private Client Group LLC boosted its position in shares of Bancolombia by 6.4% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 7,800 shares of the bank's stock worth $245,000 after purchasing an additional 471 shares during the last quarter.

Bancolombia Trading Down 0.0 %

Shares of NYSE:CIB traded down $0.01 during midday trading on Monday, hitting $32.34. The company had a trading volume of 343,347 shares, compared to its average volume of 240,321. Bancolombia S.A. has a 12 month low of $30.25 and a 12 month high of $37.85. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.34. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 5.13, a PEG ratio of 3.47 and a beta of 1.20. The firm has a fifty day simple moving average of $32.41 and a 200 day simple moving average of $32.50.

Bancolombia Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 30th will be given a $0.8044 dividend. The ex-dividend date is Monday, December 30th. This represents a $3.22 annualized dividend and a dividend yield of 9.95%. Bancolombia's dividend payout ratio is currently 50.71%.

About Bancolombia

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.