SG Americas Securities LLC Has $147,000 Position in Bancolombia SA (CIB)

SG Americas Securities LLC cut its position in Bancolombia SA (NYSE:CIB) by 41.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,213 shares of the bank’s stock after selling 2,287 shares during the quarter. SG Americas Securities LLC’s holdings in Bancolombia were worth $147,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Morgan Stanley lifted its holdings in Bancolombia by 166.6% during the 1st quarter. Morgan Stanley now owns 40,816 shares of the bank’s stock valued at $1,628,000 after purchasing an additional 25,509 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Bancolombia by 20.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 104,775 shares of the bank’s stock valued at $4,668,000 after purchasing an additional 17,608 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Bancolombia by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 59,669 shares of the bank’s stock valued at $2,658,000 after purchasing an additional 2,057 shares during the last quarter. Legal & General Group Plc lifted its holdings in Bancolombia by 2.5% during the 2nd quarter. Legal & General Group Plc now owns 334,183 shares of the bank’s stock valued at $14,884,000 after purchasing an additional 8,228 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Bancolombia by 529.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 47,873 shares of the bank’s stock valued at $2,133,000 after purchasing an additional 40,271 shares during the last quarter. 13.32% of the stock is owned by institutional investors and hedge funds.

Shares of Bancolombia SA (NYSE CIB) opened at $39.83 on Thursday. Bancolombia SA has a twelve month low of $35.53 and a twelve month high of $48.74. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $9,770.00, a price-to-earnings ratio of 10.54, a PEG ratio of 2.34 and a beta of 0.35.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Tuesday, December 26th will be issued a dividend of $0.315 per share. The ex-dividend date is Friday, December 22nd. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.16%. This is an increase from Bancolombia’s previous quarterly dividend of $0.30. Bancolombia’s dividend payout ratio (DPR) is currently 33.33%.

CIB has been the subject of several research reports. Deutsche Bank downgraded Bancolombia from a “buy” rating to a “hold” rating and cut their price target for the company from $52.00 to $45.00 in a report on Friday, October 27th. Zacks Investment Research downgraded Bancolombia from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. JPMorgan Chase & Co. downgraded Bancolombia from a “neutral” rating to an “underweight” rating and set a $41.00 target price for the company. in a report on Wednesday, October 4th. Finally, Santander downgraded Bancolombia from a “hold” rating to an “underperform” rating in a report on Wednesday, September 20th. Four investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $46.00.

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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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