Mirabella Financial Services LLP Invests $820,000 in Grupo Cibest S.A. – Sponsored ADR $CIB

Mirabella Financial Services LLP acquired a new stake in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,779 shares of the bank’s stock, valued at approximately $820,000.

Several other hedge funds have also made changes to their positions in CIB. Vanguard Group Inc. increased its stake in Grupo Cibest by 0.6% during the third quarter. Vanguard Group Inc. now owns 3,021,684 shares of the bank’s stock valued at $156,946,000 after acquiring an additional 18,917 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Grupo Cibest by 6.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,133,425 shares of the bank’s stock worth $52,353,000 after acquiring an additional 72,119 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Grupo Cibest by 4.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 980,426 shares of the bank’s stock worth $50,923,000 after purchasing an additional 40,447 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Grupo Cibest during the 3rd quarter worth approximately $44,920,000. Finally, Sei Investments Co. increased its position in shares of Grupo Cibest by 29.8% during the second quarter. Sei Investments Co. now owns 863,718 shares of the bank’s stock valued at $39,895,000 after purchasing an additional 198,228 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CIB shares. Zacks Research lowered Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Grupo Cibest in a research note on Monday, December 29th. The Goldman Sachs Group boosted their price target on shares of Grupo Cibest from $69.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Citigroup downgraded shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Finally, Itau BBA Securities lowered shares of Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 target price on the stock. in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $59.20.

Grupo Cibest Price Performance

Grupo Cibest stock opened at $68.85 on Friday. The business has a 50 day simple moving average of $74.81 and a 200 day simple moving average of $64.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $16.55 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 1.17 and a beta of 0.83. Grupo Cibest S.A. – Sponsored ADR has a one year low of $35.44 and a one year high of $86.31.

Grupo Cibest 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.