US Bancorp DE Acquires 839 Shares of Bancolombia S.A. (NYSE:CIB)

US Bancorp DE lifted its holdings in shares of Bancolombia S.A. (NYSE:CIB) by 18.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,282 shares of the bank’s stock after purchasing an additional 839 shares during the quarter. US Bancorp DE’s holdings in Bancolombia were worth $166,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. grew its stake in Bancolombia by 96.5% in the 3rd quarter. Blue Trust Inc. now owns 1,305 shares of the bank’s stock worth $43,000 after buying an additional 641 shares in the last quarter. Virtus Investment Advisers Inc. bought a new stake in shares of Bancolombia during the 1st quarter worth $89,000. Signaturefd LLC lifted its holdings in shares of Bancolombia by 10.6% during the 2nd quarter. Signaturefd LLC now owns 5,053 shares of the bank’s stock worth $165,000 after acquiring an additional 484 shares during the last quarter. AXA S.A. purchased a new position in Bancolombia in the second quarter worth $192,000. Finally, Measured Wealth Private Client Group LLC increased its stake in Bancolombia by 6.4% in the third quarter. Measured Wealth Private Client Group LLC now owns 7,800 shares of the bank’s stock valued at $245,000 after acquiring an additional 471 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CIB shares. Bank of America lowered Bancolombia from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $38.00 to $34.00 in a research note on Thursday, August 29th. JPMorgan Chase & Co. dropped their target price on Bancolombia from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Monday, August 12th. Finally, The Goldman Sachs Group cut shares of Bancolombia from a “neutral” rating to a “sell” rating and reduced their price target for the company from $34.00 to $32.00 in a research report on Tuesday, August 20th.

Bancolombia Trading Up 0.9 %

CIB opened at $31.49 on Friday. Bancolombia S.A. has a 12 month low of $26.72 and a 12 month high of $37.85. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $31.92 and its 200-day moving average price is $33.08.

Bancolombia Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.8456 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.38 dividend on an annualized basis and a yield of 10.74%. Bancolombia’s dividend payout ratio (DPR) is currently 52.61%.

Bancolombia Company 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.