JPMorgan Chase & Co. Reduces Holdings in Bancolombia S.A. (NYSE:CIB)

JPMorgan Chase & Co. trimmed its holdings in shares of Bancolombia S.A. (NYSE:CIB) by 36.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 345,820 shares of the bank’s stock after selling 194,271 shares during the quarter. JPMorgan Chase & Co. owned 0.14% of Bancolombia worth $10,852,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Bancolombia during the third quarter worth about $2,667,000. XTX Topco Ltd acquired a new stake in Bancolombia during the 3rd quarter worth $385,000. Virtus Investment Advisers Inc. grew its holdings in shares of Bancolombia by 442.6% during the third quarter. Virtus Investment Advisers Inc. now owns 24,274 shares of the bank’s stock worth $762,000 after buying an additional 19,800 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Bancolombia during the third quarter worth approximately $8,208,000. Finally, Quantinno Capital Management LP purchased a new stake in Bancolombia in the 3rd quarter valued at approximately $245,000.

Bancolombia Stock Down 0.1 %

Shares of NYSE CIB opened at $32.37 on Monday. Bancolombia S.A. has a 52 week low of $30.25 and a 52 week high of $37.85. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 5.13, a price-to-earnings-growth ratio of 3.47 and a beta of 1.20. The firm has a 50-day moving average price of $32.41 and a 200 day moving average price of $32.50. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.34.

Bancolombia Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 30th will be paid a $0.8044 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $3.22 dividend on an annualized basis and a yield of 9.94%. Bancolombia’s payout ratio is 50.71%.

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.