Bancolombia S.A. (NYSE:CIB) Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC lessened its stake in Bancolombia S.A. (NYSE:CIB) by 38.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,339 shares of the bank’s stock after selling 1,459 shares during the period. V Square Quantitative Management LLC’s holdings in Bancolombia were worth $76,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CIB. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Bancolombia by 6.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,543 shares of the bank’s stock valued at $3,432,000 after buying an additional 6,743 shares in the last quarter. Signaturefd LLC boosted its position in shares of Bancolombia by 26.1% during the 4th quarter. Signaturefd LLC now owns 4,425 shares of the bank’s stock valued at $136,000 after acquiring an additional 916 shares during the last quarter. INCA Investments LLC boosted its position in shares of Bancolombia by 21.9% during the 4th quarter. INCA Investments LLC now owns 518,072 shares of the bank’s stock valued at $15,941,000 after acquiring an additional 93,238 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new stake in shares of Bancolombia in the fourth quarter valued at about $523,000. Finally, Stokes Family Office LLC increased its holdings in shares of Bancolombia by 93.4% during the 4th quarter. Stokes Family Office LLC now owns 25,890 shares of the bank’s stock worth $797,000 after buying an additional 12,500 shares during the last quarter.

Bancolombia Stock Up 1.3 %

Shares of NYSE:CIB traded up $0.45 on Thursday, hitting $34.31. 4,297 shares of the company’s stock were exchanged, compared to its average volume of 268,683. Bancolombia S.A. has a 1-year low of $24.15 and a 1-year high of $37.85. The company has a market capitalization of $8.25 billion, a PE ratio of 5.32 and a beta of 1.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s 50-day moving average is $33.12 and its 200 day moving average is $33.49.

Bancolombia Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Thursday, June 27th were issued a $0.898 dividend. This represents a $3.59 dividend on an annualized basis and a yield of 10.47%. This is an increase from Bancolombia’s previous quarterly dividend of $0.81. The ex-dividend date was Thursday, June 27th. Bancolombia’s dividend payout ratio is 53.62%.

Analysts Set New Price Targets

A number of analysts recently issued reports on CIB shares. JPMorgan Chase & Co. cut their price objective on Bancolombia from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Monday. Bank of America began coverage on Bancolombia in a research note on Thursday, May 2nd. They issued a “neutral” rating and a $38.00 price objective on the stock. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $33.12.

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.