Profund Advisors LLC trimmed its stake in Bancolombia SA (NYSE:CIB) by 57.4% during the fourth quarter, Holdings Channel reports. The fund owned 9,936 shares of the bank’s stock after selling 13,363 shares during the period. Profund Advisors LLC’s holdings in Bancolombia were worth $394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Bancolombia by 419.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,874,923 shares of the bank’s stock worth $85,647,000 after acquiring an additional 1,514,103 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Bancolombia by 13.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 27,105 shares of the bank’s stock worth $1,241,000 after acquiring an additional 3,111 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Bancolombia by 4.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 62,129 shares of the bank’s stock worth $2,845,000 after acquiring an additional 2,460 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Bancolombia by 33.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 150,421 shares of the bank’s stock worth $5,966,000 after acquiring an additional 37,400 shares during the last quarter. Finally, Caxton Associates LP acquired a new position in shares of Bancolombia in the 3rd quarter worth $462,000. Institutional investors and hedge funds own 12.53% of the company’s stock.

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Bancolombia stock opened at $42.81 on Thursday. Bancolombia SA has a twelve month low of $36.38 and a twelve month high of $48.74. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $10,265.24, a price-to-earnings ratio of 11.63, a PEG ratio of 1.10 and a beta of 0.53.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Tuesday, March 27th will be issued a dividend of $0.3585 per share. This is an increase from Bancolombia’s previous quarterly dividend of $0.32. The ex-dividend date is Monday, March 26th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 3.35%. Bancolombia’s payout ratio is currently 34.33%.

CIB has been the topic of a number of recent research reports. Zacks Investment Research upgraded Bancolombia from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. set a $41.00 target price on Bancolombia and gave the stock a “hold” rating in a report on Friday, March 16th. Citigroup cut Bancolombia from a “neutral” rating to a “sell” rating in a report on Tuesday, January 9th. ValuEngine cut Bancolombia from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 13th. Finally, Standpoint Research upgraded Bancolombia from a “hold” rating to an “accumulate” rating in a report on Wednesday, March 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $46.00.

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Bancolombia Company Profile

Bancolombia SA (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other.

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Institutional Ownership by Quarter for Bancolombia (NYSE:CIB)

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