Bancolombia S.A. (NYSE:CIB) Shares Sold by Seldon Capital LP

Seldon Capital LP cut its stake in shares of Bancolombia S.A. (NYSE:CIB) by 15.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 28,820 shares of the bank’s stock after selling 5,228 shares during the period. Seldon Capital LP’s holdings in Bancolombia were worth $904,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CIB. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Bancolombia by 45.3% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,412,322 shares of the bank’s stock valued at $46,112,000 after buying an additional 440,026 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position 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 valued at $41,531,000 after purchasing an additional 150,022 shares in the last quarter. Swedbank AB acquired a new stake in shares of Bancolombia during the first quarter worth approximately $9,260,000. Price T Rowe Associates Inc. MD increased its stake in shares of Bancolombia by 1,124.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 181,281 shares of the bank’s stock worth $6,205,000 after buying an additional 166,471 shares during the last quarter. Finally, Moneda S.A. Administradora General de Fondos acquired a new stake in Bancolombia in the second quarter valued at $5,756,000.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Bank of America lowered shares of Bancolombia from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $38.00 to $34.00 in a report on Thursday, August 29th. JPMorgan Chase & Co. cut their price objective on Bancolombia from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Monday, August 12th. Finally, The Goldman Sachs Group lowered Bancolombia from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $34.00 to $32.00 in a research report on Tuesday, August 20th.

Bancolombia Trading Up 0.1 %

CIB opened at $32.79 on Friday. The company’s 50-day moving average price is $32.05 and its 200 day moving average price is $33.05. Bancolombia S.A. has a fifty-two week low of $27.43 and a fifty-two week high of $37.85. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.34.

Bancolombia Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 30th will be paid a $0.8044 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 9.81%. The ex-dividend date of this dividend is Monday, December 30th. Bancolombia’s payout ratio is 52.61%.

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.