Bancolombia S.A. (NYSE:CIB) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its position in Bancolombia S.A. (NYSE:CIB) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 969,276 shares of the bank’s stock after selling 13,783 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Bancolombia were worth $31,346,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CIB. Wellington Management Group LLP acquired a new stake in shares of Bancolombia in the 3rd quarter worth about $8,208,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Bancolombia by 12.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,323,482 shares of the bank’s stock worth $41,531,000 after acquiring an additional 150,022 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Bancolombia in the 3rd quarter worth about $2,845,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Bancolombia in the 3rd quarter worth about $2,667,000. Finally, Walleye Capital LLC acquired a new stake in shares of Bancolombia in the 3rd quarter worth about $1,250,000.

Wall Street Analysts Forecast Growth

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

Bancolombia Stock Performance

Shares of CIB opened at $40.75 on Friday. The firm has a 50-day moving average price of $34.62 and a 200 day moving average price of $33.12. The firm has a market capitalization of $9.80 billion, a PE ratio of 6.46, a P/E/G ratio of 2.27 and a beta of 1.22. 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 S.A. has a 52-week low of $30.25 and a 52-week high of $41.00.

Bancolombia Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were given a $0.8044 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $3.22 dividend on an annualized basis and a yield of 7.90%. Bancolombia’s dividend payout ratio is presently 50.71%.

Bancolombia Company 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.