Robeco Institutional Asset Management B.V. Has $23.29 Million Holdings in Bancolombia S.A. (NYSE:CIB)

Robeco Institutional Asset Management B.V. lowered its stake in Bancolombia S.A. (NYSE:CIB - Free Report) by 44.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 738,976 shares of the bank's stock after selling 584,506 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.31% of Bancolombia worth $23,285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CIB. Measured Wealth Private Client Group LLC boosted its position in Bancolombia by 6.4% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 7,800 shares of the bank's stock valued at $245,000 after buying an additional 471 shares during the period. Blue Trust Inc. boosted its holdings in Bancolombia by 96.5% in the third quarter. Blue Trust Inc. now owns 1,305 shares of the bank's stock valued at $43,000 after purchasing an additional 641 shares during the period. Ballentine Partners LLC grew its stake in Bancolombia by 6.5% during the 4th quarter. Ballentine Partners LLC now owns 11,209 shares of the bank's stock worth $353,000 after purchasing an additional 680 shares in the last quarter. US Bancorp DE increased its holdings in Bancolombia by 18.9% during the 3rd quarter. US Bancorp DE now owns 5,282 shares of the bank's stock worth $166,000 after purchasing an additional 839 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in Bancolombia during the 3rd quarter worth about $27,000.

Bancolombia Stock Performance

Shares of CIB stock traded down $0.77 during trading hours on Monday, reaching $38.78. The stock had a trading volume of 308,198 shares, compared to its average volume of 456,342. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a 50-day simple moving average of $33.21 and a 200-day simple moving average of $32.66. The firm has a market capitalization of $9.32 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22. Bancolombia S.A. has a twelve month low of $30.25 and a twelve month high of $40.62.

Bancolombia Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were paid a $0.8044 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 8.30%. The ex-dividend date of this dividend was Monday, December 30th. Bancolombia's dividend payout ratio (DPR) is presently 50.71%.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upgraded shares of Bancolombia from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $40.00 to $53.00 in a research note on Tuesday, January 28th.

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.