Jane Street Group LLC Sells 10,118 Shares of Bancolombia S.A. (NYSE:CIB)

Jane Street Group LLC cut its holdings in Bancolombia S.A. (NYSE:CIB) by 58.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,331 shares of the bank’s stock after selling 10,118 shares during the period. Jane Street Group LLC’s holdings in Bancolombia were worth $231,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CIB. Truffle Hound Capital LLC purchased a new stake in Bancolombia in the 4th quarter worth $11,028,000. GQG Partners LLC purchased a new stake in Bancolombia in the 4th quarter worth $9,724,000. Ranmore Fund Management Ltd purchased a new stake in Bancolombia in the 4th quarter worth $8,284,000. JPMorgan Chase & Co. increased its stake in Bancolombia by 40.0% in the 4th quarter. JPMorgan Chase & Co. now owns 484,281 shares of the bank’s stock worth $15,260,000 after buying an additional 138,461 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Bancolombia by 12.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 928,679 shares of the bank’s stock worth $29,263,000 after buying an additional 102,015 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have commented on CIB shares. UBS Group increased their price objective on shares of Bancolombia from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Monday. The Goldman Sachs Group lifted their price target on Bancolombia from $31.00 to $35.00 and gave the stock a “sell” rating in a research report on Monday, February 24th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.00.

Bancolombia Stock Performance

NYSE CIB opened at $43.59 on Thursday. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 2.47 and a beta of 0.91. Bancolombia S.A. has a twelve month low of $30.25 and a twelve month high of $44.93. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average of $40.68 and a 200 day moving average of $38.14.

Bancolombia Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, May 9th. Investors of record on Tuesday, April 29th were issued a $0.5745 dividend. This is a boost from Bancolombia’s previous dividend of $0.30. The ex-dividend date was Monday, April 28th. This represents a yield of 17.13%. Bancolombia’s dividend payout ratio is presently 104.81%.

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.