JPMorgan Chase & Co. Increases Holdings in Grupo Cibest S.A. – Sponsored ADR $CIB

JPMorgan Chase & Co. increased its position in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 980,426 shares of the bank’s stock after purchasing an additional 40,447 shares during the period. JPMorgan Chase & Co. owned approximately 0.41% of Grupo Cibest worth $50,923,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CIB. Tower Research Capital LLC TRC boosted its holdings in shares of Grupo Cibest by 796.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock valued at $45,000 after acquiring an additional 868 shares during the last quarter. Westfuller Advisors LLC bought a new position in shares of Grupo Cibest in the third quarter worth about $104,000. State of Wyoming bought a new stake in shares of Grupo Cibest during the 3rd quarter valued at $139,000. Blue Trust Inc. boosted its stake in shares of Grupo Cibest by 298.1% in the third quarter. Blue Trust Inc. now owns 3,121 shares of the bank’s stock worth $162,000 after acquiring an additional 2,337 shares during the period. Finally, PDS Planning Inc bought a new stake in shares of Grupo Cibest during the third quarter valued at approximately $230,000.

Grupo Cibest Price Performance

NYSE:CIB opened at $74.43 on Thursday. The company has a 50 day moving average price of $73.92 and a 200-day moving average price of $62.22. The firm has a market cap of $17.90 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 0.92 and a beta of 0.79. Grupo Cibest S.A. – Sponsored ADR has a 1-year low of $35.44 and a 1-year high of $86.31. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Zacks Research cut Grupo Cibest from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. upped their target price on shares of Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, November 21st. The Goldman Sachs Group raised their price target on Grupo Cibest from $69.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Grupo Cibest in a research note on Monday, December 29th. Finally, Santander lowered shares of Grupo Cibest to an “underperform” rating in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $57.00.

About Grupo Cibest

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.