Alps Advisors Inc. Has $478,000 Stock Position in BanColombia S.A. (NYSE:CIB)

Alps Advisors Inc. lowered its stake in shares of BanColombia S.A. (NYSE:CIB) by 24.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,894 shares of the bank’s stock after selling 3,800 shares during the period. Alps Advisors Inc.’s holdings in BanColombia were worth $478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Dodge & Cox raised its holdings in shares of BanColombia by 2.7% during the fourth quarter. Dodge & Cox now owns 11,300 shares of the bank’s stock valued at $356,000 after purchasing an additional 300 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its holdings in shares of BanColombia by 7.5% during 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 period. Mercer Global Advisors Inc. ADV raised its holdings in shares of BanColombia by 16.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,824 shares of the bank’s stock valued at $247,000 after purchasing an additional 1,085 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of BanColombia by 13.3% during the fourth quarter. Quadrant Capital Group LLC now owns 9,587 shares of the bank’s stock valued at $302,000 after purchasing an additional 1,128 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in shares of BanColombia by 9.4% during the first quarter. QRG Capital Management Inc. now owns 15,840 shares of the bank’s stock valued at $637,000 after purchasing an additional 1,364 shares during the period.

BanColombia Trading Up 1.5%

CIB opened at $44.90 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00. BanColombia S.A. has a fifty-two week low of $30.25 and a fifty-two week high of $46.81. The firm has a market capitalization of $10.80 billion, a PE ratio of 7.20, a P/E/G ratio of 0.96 and a beta of 0.93. The company’s 50-day moving average is $43.01 and its 200 day moving average is $40.36.

BanColombia Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 9th. Investors of record on Tuesday, April 29th were issued 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 dividend payout ratio is currently 91.19%.

Analyst Upgrades and Downgrades

Separately, UBS Group reiterated a “neutral” rating and set a $38.00 price objective (up previously from $35.00) on shares of BanColombia in a report on Monday, June 2nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $39.00.

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.