State Street Corp Sells 6,425 Shares of Bancolombia S.A. (NYSE:CIB)

State Street Corp trimmed its position in Bancolombia S.A. (NYSE:CIB) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 561,942 shares of the bank’s stock after selling 6,425 shares during the quarter. State Street Corp’s holdings in Bancolombia were worth $18,108,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Bancolombia by 45.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,412,322 shares of the bank’s stock valued at $46,112,000 after acquiring an additional 440,026 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Bancolombia by 12.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,323,482 shares of the bank’s stock worth $41,531,000 after buying an additional 150,022 shares during the period. Moneda S.A. Administradora General de Fondos bought a new position in shares of Bancolombia during the second quarter valued at about $5,756,000. Renaissance Technologies LLC lifted its holdings in Bancolombia by 117.2% in the 2nd quarter. Renaissance Technologies LLC now owns 139,200 shares of the bank’s stock worth $4,545,000 after buying an additional 75,100 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Bancolombia by 7.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,546 shares of the bank’s stock worth $4,034,000 after acquiring an additional 8,432 shares during the period.

Bancolombia Stock Down 0.0 %

CIB opened at $32.18 on Tuesday. The company has a market capitalization of $7.74 billion, a PE ratio of 5.10, a PEG ratio of 3.47 and a beta of 1.22. 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 firm’s 50 day simple moving average is $32.38 and its two-hundred day simple moving average is $32.61. Bancolombia S.A. has a 1-year low of $30.01 and a 1-year high of $37.85.

Bancolombia Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 30th will be paid a dividend of $0.8044 per share. This represents a $3.22 annualized dividend and a yield of 10.00%. The ex-dividend date of this dividend is Monday, December 30th. Bancolombia’s dividend payout ratio (DPR) is presently 50.87%.

Analysts Set New Price Targets

Separately, Bank of America lowered Bancolombia from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $38.00 to $34.00 in a research report on Thursday, August 29th.

Bancolombia 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.