Grupo Cibest S.A. – Sponsored ADR $CIB Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its holdings in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 6.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 577,183 shares of the bank’s stock after selling 42,071 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Grupo Cibest were worth $29,979,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. PDS Planning Inc acquired a new position in shares of Grupo Cibest during the 3rd quarter worth approximately $230,000. Ethic Inc. boosted its stake in Grupo Cibest by 13.0% during the third quarter. Ethic Inc. now owns 82,446 shares of the bank’s stock worth $4,282,000 after buying an additional 9,505 shares during the last quarter. Blue Trust Inc. grew its holdings in Grupo Cibest by 298.1% in the 3rd quarter. Blue Trust Inc. now owns 3,121 shares of the bank’s stock valued at $162,000 after buying an additional 2,337 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Grupo Cibest in the 2nd quarter worth $205,000. Finally, Osaic Holdings Inc. raised its holdings in shares of Grupo Cibest by 21.6% during the 2nd quarter. Osaic Holdings Inc. now owns 5,200 shares of the bank’s stock worth $240,000 after acquiring an additional 925 shares during the period.

Grupo Cibest Stock Up 1.0%

NYSE:CIB opened at $67.84 on Thursday. Grupo Cibest S.A. – Sponsored ADR has a 52 week low of $31.78 and a 52 week high of $68.60. The stock’s fifty day moving average is $62.80 and its two-hundred day moving average is $54.14. The stock has a market capitalization of $16.31 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 0.83 and a beta of 0.81. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CIB. Santander lowered shares of Grupo Cibest to an “underperform” rating in a report on Wednesday, December 17th. JPMorgan Chase & Co. boosted their target price on shares of Grupo Cibest from $48.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, November 21st. Bank of America restated an “underperform” rating on shares of Grupo Cibest in a report on Thursday, September 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Grupo Cibest in a research report on Monday, December 29th. Finally, Citigroup reissued a “buy” rating on shares of Grupo Cibest in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Grupo Cibest has a consensus rating of “Hold” and a consensus target price of $48.00.

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.