State Street Corp lowered its position in BanColombia S.A. (NYSE:CIB) by 28.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 646,930 shares of the bank’s stock after selling 260,627 shares during the period. State Street Corp owned 0.27% of BanColombia worth $25,797,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in BanColombia by 17.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 87,167 shares of the bank’s stock worth $3,476,000 after buying an additional 12,638 shares during the last quarter. Renaissance Technologies LLC boosted its stake in BanColombia by 8.7% in the first quarter. Renaissance Technologies LLC now owns 162,100 shares of the bank’s stock worth $6,463,000 after buying an additional 13,000 shares during the last quarter. Morgan Stanley boosted its stake in BanColombia by 166.6% in the first quarter. Morgan Stanley now owns 40,816 shares of the bank’s stock worth $1,628,000 after buying an additional 25,509 shares during the last quarter. Lazard Asset Management LLC boosted its stake in BanColombia by 6.5% in the first quarter. Lazard Asset Management LLC now owns 2,020,672 shares of the bank’s stock worth $80,563,000 after buying an additional 123,959 shares during the last quarter. Finally, GMT Capital Corp boosted its stake in BanColombia by 84.7% in the first quarter. GMT Capital Corp now owns 1,050,472 shares of the bank’s stock worth $41,882,000 after buying an additional 481,800 shares during the last quarter. Institutional investors own 16.06% of the company’s stock.

BanColombia S.A. (CIB) traded up 0.16% during midday trading on Monday, hitting $44.05. 11,631 shares of the stock traded hands. The company’s 50 day moving average price is $44.35 and its 200 day moving average price is $41.07. The firm has a market cap of $10.59 billion, a PE ratio of 10.43 and a beta of 0.32. BanColombia S.A. has a 12 month low of $31.98 and a 12 month high of $47.19.

The firm also recently announced a special dividend, which was paid on Friday, July 14th. Stockholders of record on Wednesday, July 5th were given a dividend of $0.3116 per share. The ex-dividend date of this dividend was Friday, June 30th. This represents a dividend yield of 3.1%. BanColombia’s dividend payout ratio (DPR) is 26.62%.

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A number of equities research analysts have commented on the stock. BidaskClub cut shares of BanColombia from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of BanColombia from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. J P Morgan Chase & Co restated a “neutral” rating and set a $41.00 target price (down previously from $42.00) on shares of BanColombia in a research note on Monday, June 5th. Credit Suisse Group set a $45.00 target price on shares of BanColombia and gave the stock a “hold” rating in a research note on Wednesday, May 24th. Finally, Standpoint Research cut shares of BanColombia from a “buy” rating to a “hold” rating in a research note on Monday, May 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $43.50.

BanColombia Company Profile

Bancolombia SA (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other.

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Institutional Ownership by Quarter for BanColombia (NYSE:CIB)

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