Robeco Institutional Asset Management B.V. Lowers Stock Position in Bancolombia S.A. (NYSE:CIB)

Robeco Institutional Asset Management B.V. reduced its position in Bancolombia S.A. (NYSE:CIB) by 44.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in shares of Bancolombia in the third quarter worth $8,208,000. XTX Topco Ltd acquired a new stake in Bancolombia in the 3rd quarter valued at $385,000. Centiva Capital LP purchased a new position in Bancolombia in the third quarter valued at about $288,000. Point72 Asset Management L.P. lifted its stake in shares of Bancolombia by 3,160.0% during the third quarter. Point72 Asset Management L.P. now owns 16,300 shares of the bank’s stock worth $511,000 after purchasing an additional 15,800 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Bancolombia by 96.5% in the third quarter. Blue Trust Inc. now owns 1,305 shares of the bank’s stock worth $43,000 after buying an additional 641 shares during the period.

Bancolombia Stock Down 1.1 %

Shares of Bancolombia stock opened at $39.87 on Friday. 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 capitalization of $9.59 billion, a price-to-earnings ratio of 6.32, a PEG ratio of 1.87 and a beta of 1.20. Bancolombia S.A. has a twelve month low of $30.25 and a twelve month high of $40.62. The business’s 50 day simple moving average is $33.08 and its 200-day simple moving average is $32.64.

Bancolombia Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were issued a $0.8044 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 8.07%. The ex-dividend date was Monday, December 30th. Bancolombia’s dividend payout ratio (DPR) is 50.71%.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised Bancolombia from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $40.00 to $53.00 in a research report on Tuesday.

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.