Grupo Cibest S.A. – Sponsored ADR $CIB Shares Bought by Barings LLC

Barings LLC raised its position in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 104.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 97,893 shares of the bank’s stock after buying an additional 50,056 shares during the period. Barings LLC’s holdings in Grupo Cibest were worth $5,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Millennium Management LLC boosted its holdings in Grupo Cibest by 527.0% during the 1st quarter. Millennium Management LLC now owns 316,877 shares of the bank’s stock valued at $12,738,000 after acquiring an additional 266,341 shares during the period. Goldman Sachs Group Inc. increased its stake in Grupo Cibest by 62.3% during the first quarter. Goldman Sachs Group Inc. now owns 142,018 shares of the bank’s stock worth $5,709,000 after purchasing an additional 54,497 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Grupo Cibest during the second quarter worth about $582,000. R Squared Ltd purchased a new position in shares of Grupo Cibest in the second quarter valued at approximately $275,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Grupo Cibest by 253.2% in the second quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock valued at $30,000 after purchasing an additional 471 shares in the last quarter.

Grupo Cibest Trading Up 1.0%

CIB opened at $79.79 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.00 and a current ratio of 1.00. Grupo Cibest S.A. – Sponsored ADR has a one year low of $35.44 and a one year high of $86.31. The company has a market cap of $19.19 billion, a P/E ratio of 10.96, a PEG ratio of 0.96 and a beta of 0.79. The business’s 50-day simple moving average is $73.06 and its 200-day simple moving average is $61.46.

Wall Street Analysts Forecast Growth

CIB has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, December 29th. Santander cut Grupo Cibest to an “underperform” rating in a research note on Wednesday, December 17th. The Goldman Sachs Group upgraded Grupo Cibest from a “sell” rating to a “neutral” rating and lifted their target price for the company from $49.00 to $69.00 in a report on Tuesday, January 13th. Zacks Research downgraded Grupo Cibest from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Grupo Cibest from $48.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, November 21st. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $55.25.

Grupo Cibest Company Profile

Bancolombia SA (NYSE: CIB) is a leading financial institution in Colombia, offering a comprehensive suite of banking and financial services. As one of the largest universal banks in the country, the company provides retail and commercial banking, corporate and investment banking, treasury services, and wealth management solutions. Through its extensive branch network and digital platforms, Bancolombia serves individual clients, small and medium enterprises, and large corporations, focusing on convenience, innovation and customer experience.

In addition to traditional banking, Bancolombia’s product portfolio includes insurance, pension fund management, leasing, factoring, brokerage and asset management.