Bancolombia S.A. (NYSE:CIB) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its stake in Bancolombia S.A. (NYSE:CIB) by 31.5% in the fourth quarter, HoldingsChannel reports. The firm owned 894 shares of the bank’s stock after selling 411 shares during the period. Blue Trust Inc.’s holdings in Bancolombia were worth $28,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its stake in shares of Bancolombia by 12.8% during 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 last quarter. Wellington Management Group LLP acquired a new stake in Bancolombia in the third quarter valued at $8,208,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Bancolombia by 7.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,546 shares of the bank’s stock valued at $4,034,000 after buying an additional 8,432 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Bancolombia during the 3rd quarter worth about $2,845,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Bancolombia in the 3rd quarter valued at $2,667,000.

Bancolombia Trading Up 1.1 %

CIB stock opened at $39.80 on Tuesday. The company’s 50 day moving average price is $34.00 and its two-hundred day moving average price is $32.92. 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 one year low of $30.25 and a one year high of $40.62. The company has a market capitalization of $9.57 billion, a PE ratio of 6.31, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22.

Bancolombia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were paid a dividend of $0.8044 per share. This represents a $3.22 dividend on an annualized basis and a yield of 8.08%. The ex-dividend date of this dividend was Monday, December 30th. Bancolombia’s payout ratio is 50.71%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded shares of Bancolombia from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $40.00 to $53.00 in a research note on Tuesday, January 28th.

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.