Citadel Advisors LLC purchased a new position in Bancolombia SA (NYSE:CIB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,891 shares of the bank’s stock, valued at approximately $270,000.

A number of other large investors also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in shares of Bancolombia by 419.6% in the third quarter. JPMorgan Chase & Co. now owns 1,874,923 shares of the bank’s stock valued at $85,647,000 after buying an additional 1,514,103 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Bancolombia by 18.7% in the third quarter. Legal & General Group Plc now owns 396,739 shares of the bank’s stock valued at $18,162,000 after buying an additional 62,556 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Bancolombia by 17.8% in the third quarter. Nordea Investment Management AB now owns 80,785 shares of the bank’s stock valued at $3,699,000 after buying an additional 12,178 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Bancolombia by 21.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 95,300 shares of the bank’s stock valued at $4,364,000 after buying an additional 16,600 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its stake in shares of Bancolombia by 21.7% in the third quarter. Macquarie Group Ltd. now owns 100,402 shares of the bank’s stock valued at $4,597,000 after buying an additional 17,903 shares in the last quarter. Institutional investors and hedge funds own 13.33% of the company’s stock.

A number of research firms have weighed in on CIB. Zacks Investment Research lowered shares of Bancolombia from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Santander lowered shares of Bancolombia from a “hold” rating to an “underperform” rating in a research report on Wednesday, September 20th. J P Morgan Chase & Co lowered shares of Bancolombia from a “neutral” rating to an “underweight” rating and set a $41.00 price objective on the stock. in a research report on Wednesday, October 4th. Finally, Deutsche Bank lowered shares of Bancolombia from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $52.00 to $45.00 in a research report on Friday, October 27th. Four analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.00.

Bancolombia SA (NYSE CIB) opened at $38.71 on Friday. The company has a market cap of $9,483.62, a P/E ratio of 9.91, a P/E/G ratio of 2.33 and a beta of 0.34. Bancolombia SA has a 12 month low of $35.53 and a 12 month high of $48.74. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.11.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Tuesday, December 26th will be paid a dividend of $0.315 per share. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $1.26 annualized dividend and a yield of 3.25%. This is a boost from Bancolombia’s previous quarterly dividend of $0.30. Bancolombia’s payout ratio is currently 30.26%.

COPYRIGHT VIOLATION WARNING: “Citadel Advisors LLC Takes Position in Bancolombia SA (CIB)” was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://www.dailypolitical.com/2017/12/15/citadel-advisors-llc-takes-position-in-bancolombia-sa-cib.html.

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.

Institutional Ownership by Quarter for Bancolombia (NYSE:CIB)

Receive News & Ratings for Bancolombia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancolombia and related companies with MarketBeat.com's FREE daily email newsletter.