Jump Financial LLC Lowers Stake in Bancolombia S.A. (NYSE:CIB)

Jump Financial LLC trimmed its holdings in shares of Bancolombia S.A. (NYSE:CIB - Free Report) by 31.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,394 shares of the bank's stock after selling 9,046 shares during the period. Jump Financial LLC's holdings in Bancolombia were worth $611,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CIB. Lindbrook Capital LLC increased its holdings in Bancolombia by 74.7% in the fourth quarter. Lindbrook Capital LLC now owns 968 shares of the bank's stock worth $31,000 after buying an additional 414 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Bancolombia by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank's stock worth $72,000 after purchasing an additional 657 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Bancolombia in the 4th quarter worth approximately $89,000. R Squared Ltd acquired a new stake in Bancolombia during the fourth quarter worth $121,000. Finally, V Square Quantitative Management LLC lifted its stake in Bancolombia by 126.1% during the fourth 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 period.

Wall Street Analyst Weigh In

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

Bancolombia Trading Down 2.7 %

CIB traded down $1.14 during trading on Monday, reaching $40.63. 586,570 shares of the company's stock were exchanged, compared to its average volume of 456,023. 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 S.A. has a one year low of $30.25 and a one year high of $44.93. The stock has a market capitalization of $9.77 billion, a PE ratio of 6.45, a price-to-earnings-growth ratio of 2.47 and a beta of 0.85. The firm has a fifty day moving average price of $41.22 and a two-hundred day moving average price of $36.36.

Bancolombia (NYSE:CIB - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The bank reported $1.57 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.41 billion. As a group, equities research analysts forecast that Bancolombia S.A. will post 6 earnings per share for the current fiscal year.

Bancolombia Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 9th. Stockholders of record on Tuesday, April 29th will be issued a $0.5745 dividend. The ex-dividend date of this dividend is Monday, April 28th. This represents a dividend yield of 17.13%. This is a boost from Bancolombia's previous dividend of $0.30. Bancolombia's dividend payout ratio is presently 107.46%.

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.