Barings LLC Sells 43,620 Shares of Grupo Cibest S.A. – Sponsored ADR $CIB

Barings LLC reduced its holdings in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 44.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,273 shares of the bank’s stock after selling 43,620 shares during the quarter. Barings LLC’s holdings in Grupo Cibest were worth $3,452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Signaturefd LLC lifted its position in shares of Grupo Cibest by 5.3% during the 4th quarter. Signaturefd LLC now owns 4,905 shares of the bank’s stock worth $312,000 after buying an additional 248 shares during the last quarter. Ballentine Partners LLC boosted its position in Grupo Cibest by 2.1% in the fourth quarter. Ballentine Partners LLC now owns 16,229 shares of the bank’s stock valued at $1,032,000 after buying an additional 332 shares in the last quarter. GAMMA Investing LLC boosted its position in Grupo Cibest by 39.8% in the fourth quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock valued at $84,000 after buying an additional 376 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Grupo Cibest by 9.0% in the third quarter. Ameriprise Financial Inc. now owns 4,855 shares of the bank’s stock valued at $252,000 after buying an additional 399 shares in the last quarter. Finally, R Squared Ltd boosted its position in Grupo Cibest by 7.1% in the third quarter. R Squared Ltd now owns 6,373 shares of the bank’s stock valued at $331,000 after buying an additional 420 shares in the last quarter.

Grupo Cibest Price Performance

CIB stock opened at $80.96 on Friday. The company has a fifty day moving average price of $70.53 and a 200-day moving average price of $70.43. The company has a market capitalization of $19.21 billion, a P/E ratio of 22.49, a PEG ratio of 1.15 and a beta of 0.70. Grupo Cibest S.A. – Sponsored ADR has a 52-week low of $41.42 and a 52-week high of $86.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 0.98.

Grupo Cibest (NYSE:CIB) last released its quarterly earnings results on Monday, May 4th. The bank reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.22). The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $2.04 billion. Grupo Cibest had a net margin of 8.41% and a return on equity of 21.07%. As a group, equities analysts expect that Grupo Cibest S.A. – Sponsored ADR will post 8.65 EPS for the current year.

Grupo Cibest Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Tuesday, March 31st were given a dividend of $1.2182 per share. This represents a $4.87 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Tuesday, March 31st. Grupo Cibest’s dividend payout ratio (DPR) is 136.11%.

Analyst Ratings Changes

CIB has been the subject of a number of research reports. The Goldman Sachs Group increased 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, February 25th. Itau BBA Securities upgraded Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research note on Tuesday, May 26th. UBS Group increased their target price on Grupo Cibest from $52.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. increased their target price on Grupo Cibest from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Finally, Weiss Ratings downgraded Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Eight research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Grupo Cibest presently has a consensus rating of “Reduce” and a consensus target price of $72.20.

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.