Russell Investments Group Ltd. Has $20.77 Million Holdings in Bancolombia SA (CIB)

Russell Investments Group Ltd. reduced its position in shares of Bancolombia SA (NYSE:CIB) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 498,234 shares of the bank’s stock after selling 18,864 shares during the period. Russell Investments Group Ltd. owned 0.21% of Bancolombia worth $20,765,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CIB. Vontobel Asset Management Inc. acquired a new stake in shares of Bancolombia during the 2nd quarter worth about $200,840,000. Genesis Asset Managers LLP boosted its position in shares of Bancolombia by 68.8% in the second quarter. Genesis Asset Managers LLP now owns 1,752,186 shares of the bank’s stock worth $83,719,000 after acquiring an additional 714,062 shares during the last quarter. BlackRock Inc. boosted its position in shares of Bancolombia by 56.8% in the second quarter. BlackRock Inc. now owns 1,273,270 shares of the bank’s stock worth $60,836,000 after acquiring an additional 461,327 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Bancolombia in the first quarter worth approximately $7,858,000. Finally, Brown Advisory Inc. acquired a new stake in shares of Bancolombia in the second quarter worth approximately $7,505,000. 10.79% of the stock is currently owned by institutional investors.

CIB opened at $39.03 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.12 and a current ratio of 1.12. Bancolombia SA has a 1 year low of $35.92 and a 1 year high of $51.38. The company has a market capitalization of $9.36 billion, a P/E ratio of 10.72, a P/E/G ratio of 0.76 and a beta of 0.58.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Thursday, September 27th were given a $0.334 dividend. The ex-dividend date was Wednesday, September 26th. This represents a $1.34 annualized dividend and a dividend yield of 3.42%. Bancolombia’s dividend payout ratio is presently 37.09%.

Several equities research analysts recently issued reports on CIB shares. Citigroup raised shares of Bancolombia from a “sell” rating to a “neutral” rating in a research report on Monday, August 27th. ValuEngine cut shares of Bancolombia from a “hold” rating to a “sell” rating in a research report on Monday, August 20th. Finally, Zacks Investment Research raised shares of Bancolombia from a “sell” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.00.

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Bancolombia Profile

Bancolombia SA provides various banking products and services to individual, corporate, and government customers in Colombia, Latin America, and the Caribbean region. The company operates in nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, 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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