Jane Street Group LLC Sells 22,313 Shares of Bancolombia S.A. (NYSE:CIB)

Jane Street Group LLC cut its holdings in shares of Bancolombia S.A. (NYSE:CIB) by 56.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,449 shares of the bank’s stock after selling 22,313 shares during the period. Jane Street Group LLC’s holdings in Bancolombia were worth $548,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CIB. American Century Companies Inc. lifted its stake in Bancolombia by 5.7% during the second quarter. American Century Companies Inc. now owns 78,631 shares of the bank’s stock worth $2,567,000 after purchasing an additional 4,233 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Bancolombia during the second quarter worth $506,000. Capital Wealth Planning LLC increased its holdings in shares of Bancolombia by 35.9% during the second quarter. Capital Wealth Planning LLC now owns 82,611 shares of the bank’s stock worth $2,697,000 after buying an additional 21,841 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Bancolombia by 117.2% during the second 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 in the last quarter. Finally, Pekin Hardy Strauss Inc. increased its holdings in shares of Bancolombia by 16.5% during the second quarter. Pekin Hardy Strauss Inc. now owns 27,675 shares of the bank’s stock worth $904,000 after buying an additional 3,925 shares in the last quarter.

Bancolombia Stock Down 1.1 %

Shares of NYSE:CIB opened at $31.99 on Monday. The company has a fifty day moving average of $32.35 and a 200-day moving average of $32.52. The company has a market capitalization of $7.69 billion, a PE ratio of 5.07, a price-to-earnings-growth ratio of 3.47 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.00. Bancolombia S.A. has a 52-week low of $30.25 and a 52-week high of $37.85.

Bancolombia Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 30th will be issued a dividend of $0.8044 per share. The ex-dividend date is Monday, December 30th. This represents a $3.22 annualized dividend and a dividend yield of 10.06%. Bancolombia’s dividend payout ratio (DPR) is presently 50.87%.

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.