Truffle Hound Capital LLC Has $11.95 Million Stock Holdings in Grupo Cibest S.A. – Sponsored ADR $CIB

Truffle Hound Capital LLC decreased its position in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 8.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 230,000 shares of the bank’s stock after selling 20,000 shares during the quarter. Grupo Cibest accounts for 3.3% of Truffle Hound Capital LLC’s portfolio, making the stock its 3rd biggest holding. Truffle Hound Capital LLC’s holdings in Grupo Cibest were worth $11,946,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CIB. JPMorgan Chase & Co. lifted its stake in shares of Grupo Cibest by 22.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 939,979 shares of the bank’s stock valued at $43,418,000 after purchasing an additional 173,734 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Grupo Cibest by 25.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 222,803 shares of the bank’s stock valued at $11,572,000 after buying an additional 44,666 shares during the period. Coldstream Capital Management Inc. lifted its position in Grupo Cibest by 790.9% in the second quarter. Coldstream Capital Management Inc. now owns 5,372 shares of the bank’s stock worth $248,000 after buying an additional 4,769 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Grupo Cibest by 20.1% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 78,130 shares of the bank’s stock worth $4,058,000 after buying an additional 13,078 shares during the period. Finally, Blue Grotto Capital LLC boosted its stake in Grupo Cibest by 73.1% during the second quarter. Blue Grotto Capital LLC now owns 350,111 shares of the bank’s stock worth $16,172,000 after buying an additional 147,801 shares during the period.

Grupo Cibest Stock Up 0.4%

Shares of NYSE:CIB opened at $77.00 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $18.52 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 0.93 and a beta of 0.79. The business has a 50-day moving average price of $71.59 and a 200 day moving average price of $60.27. Grupo Cibest S.A. – Sponsored ADR has a 12-month low of $35.44 and a 12-month high of $86.31.

Wall Street Analysts Forecast Growth

CIB has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised shares of Grupo Cibest from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $49.00 to $69.00 in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, December 29th. Citigroup lowered Grupo Cibest from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. upped their price objective on Grupo Cibest from $48.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Finally, Zacks Research downgraded Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $55.25.

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.