Two Sigma Advisers LP Reduces Stake in Bancolombia S.A. (NYSE:CIB)

Two Sigma Advisers LP trimmed its position in shares of Bancolombia S.A. (NYSE:CIB) by 45.3% during the fourth quarter, Holdings Channel reports. The firm owned 40,800 shares of the bank’s stock after selling 33,800 shares during the quarter. Two Sigma Advisers LP’s holdings in Bancolombia were worth $1,286,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Dodge & Cox raised its stake in shares of Bancolombia by 2.7% during the 4th quarter. Dodge & Cox now owns 11,300 shares of the bank’s stock worth $356,000 after buying an additional 300 shares during the last quarter. US Bancorp DE raised its position in Bancolombia by 5.9% during the fourth quarter. US Bancorp DE now owns 5,594 shares of the bank’s stock worth $176,000 after acquiring an additional 312 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Bancolombia by 74.7% in the fourth quarter. Lindbrook Capital LLC now owns 968 shares of the bank’s stock valued at $31,000 after purchasing an additional 414 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Bancolombia by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank’s stock valued at $72,000 after purchasing an additional 657 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC grew its position in shares of Bancolombia by 7.5% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 9,628 shares of the bank’s stock valued at $303,000 after purchasing an additional 668 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lifted their price objective on Bancolombia from $31.00 to $35.00 and gave the stock a “sell” rating in a research report on Monday, February 24th.

Bancolombia Trading Down 2.7%

Bancolombia stock opened at $41.33 on Friday. The stock has a 50-day moving average price of $40.71 and a 200 day moving average price of $37.93. Bancolombia S.A. has a 52 week low of $30.25 and a 52 week high of $44.93. The stock has a market cap of $9.94 billion, a PE ratio of 6.56, a P/E/G ratio of 2.47 and a beta of 0.91. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60.

Bancolombia Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 9th. Stockholders of record on Tuesday, April 29th were given a $0.5745 dividend. This represents a dividend yield of 17.13%. The ex-dividend date of this dividend was Monday, April 28th. This is a positive change from Bancolombia’s previous dividend of $0.30. Bancolombia’s payout ratio is currently 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.