Nykredit A S Invests $5.59 Million in Grupo Cibest S.A. – Sponsored ADR $CIB

Nykredit A S bought a new position in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 70,362 shares of the bank’s stock, valued at approximately $5,589,000.

Other large investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in Grupo Cibest during the 2nd quarter worth approximately $79,000. E. Ohman J or Asset Management AB boosted its stake in shares of Grupo Cibest by 12.3% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 14,600 shares of the bank’s stock valued at $1,160,000 after purchasing an additional 1,600 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Grupo Cibest during the 2nd quarter worth approximately $206,000. PensionDanmark Pensionsforsikringsaktieselskab grew its stake in Grupo Cibest by 11.7% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 69,000 shares of the bank’s stock worth $5,481,000 after purchasing an additional 7,200 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Grupo Cibest by 9.1% in the 1st quarter. Bank of America Corp DE now owns 516,834 shares of the bank’s stock worth $37,631,000 after buying an additional 43,126 shares during the period.

Grupo Cibest Stock Down 0.0%

Shares of CIB opened at $100.55 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $23.86 billion, a P/E ratio of 19.60, a P/E/G ratio of 0.77 and a beta of 0.65. The firm has a fifty day moving average price of $89.94 and a 200-day moving average price of $78.15. Grupo Cibest S.A. – Sponsored ADR has a 12-month low of $50.70 and a 12-month high of $103.50.

Grupo Cibest (NYSE:CIB) last issued its earnings results on Monday, August 10th. The bank reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $1.18. Grupo Cibest had a net margin of 10.80% and a return on equity of 20.87%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.40 billion. Equities research analysts expect that Grupo Cibest S.A. – Sponsored ADR will post 10.87 earnings per share for the current year.

Grupo Cibest Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $1.6324 per share. The ex-dividend date is Tuesday, September 8th. Grupo Cibest’s dividend payout ratio is presently 103.70%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CIB. JPMorgan Chase & Co. upgraded Grupo Cibest from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $70.00 to $110.00 in a research note on Tuesday, August 11th. Citigroup upgraded shares of Grupo Cibest from a “hold” rating to a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings raised Grupo Cibest from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. Royal Bank Of Canada set a $110.00 target price on shares of Grupo Cibest in a research report on Tuesday, August 11th. Finally, The Goldman Sachs Group upped their price target on Grupo Cibest from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Grupo Cibest currently has a consensus rating of “Hold” and an average target price of $90.83.

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.