Boston Common Asset Management LLC Trims Stake in Bancolombia S.A. (NYSE:CIB)

Boston Common Asset Management LLC cut its stake in Bancolombia S.A. (NYSE:CIB) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 189,373 shares of the bank’s stock after selling 479 shares during the period. Boston Common Asset Management LLC’s holdings in Bancolombia were worth $5,967,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC purchased a new position in shares of Bancolombia in the 3rd quarter valued at approximately $27,000. Blue Trust Inc. raised its holdings in Bancolombia by 96.5% in the third quarter. Blue Trust Inc. now owns 1,305 shares of the bank’s stock worth $43,000 after purchasing an additional 641 shares in the last quarter. US Bancorp DE lifted its position in Bancolombia by 18.9% during the third quarter. US Bancorp DE now owns 5,282 shares of the bank’s stock valued at $166,000 after buying an additional 839 shares during the period. AXA S.A. bought a new stake in shares of Bancolombia during the 2nd quarter valued at $192,000. Finally, Measured Wealth Private Client Group LLC grew its position in shares of Bancolombia by 6.4% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 7,800 shares of the bank’s stock worth $245,000 after buying an additional 471 shares during the period.

Bancolombia Stock Up 0.3 %

Shares of Bancolombia stock opened at $32.15 on Friday. Bancolombia S.A. has a 1 year low of $30.25 and a 1 year high of $37.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.00 and a quick ratio of 1.00. The company has a 50-day moving average of $32.42 and a 200 day moving average of $32.49. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 5.09, a PEG ratio of 1.83 and a beta of 1.20.

Bancolombia Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were issued a dividend of $0.8044 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $3.22 annualized dividend and a dividend yield of 10.01%. Bancolombia’s payout ratio is 50.71%.

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.