Robeco Institutional Asset Management B.V. Purchases 150,022 Shares of Bancolombia S.A. (NYSE:CIB)

Robeco Institutional Asset Management B.V. raised its position in shares of Bancolombia S.A. (NYSE:CIB) by 12.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,323,482 shares of the bank’s stock after acquiring an additional 150,022 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.55% of Bancolombia worth $41,531,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CIB. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of 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 purchasing an additional 440,026 shares during the period. M&G Plc bought a new position in shares of Bancolombia during the 1st quarter worth approximately $10,299,000. Swedbank AB acquired a new stake in shares of Bancolombia during the 1st quarter worth approximately $9,260,000. Russell Investments Group Ltd. bought a new stake in shares of Bancolombia in the 1st quarter valued at $8,248,000. Finally, Moneda S.A. Administradora General de Fondos acquired a new position in shares of Bancolombia during the 2nd quarter valued at $5,756,000.

Bancolombia Trading Up 1.4 %

CIB opened at $32.22 on Wednesday. Bancolombia S.A. has a fifty-two week low of $26.35 and a fifty-two week high of $37.85. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50-day moving average is $32.05 and its 200 day moving average is $33.11.

Bancolombia (NYSE:CIB) last issued its quarterly earnings data on Thursday, August 8th. The bank reported $1.44 EPS for the quarter, topping the consensus estimate of $1.43 by $0.01. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. Bancolombia had a return on equity of 15.68% and a net margin of 13.73%. On average, equities research analysts anticipate that Bancolombia S.A. will post 5.99 earnings per share for the current fiscal year.

Bancolombia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.8456 per share. This represents a $3.38 annualized dividend and a yield of 10.50%. The ex-dividend date of this dividend was Friday, September 27th. Bancolombia’s dividend payout ratio (DPR) is presently 52.28%.

Analyst Ratings Changes

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

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.