Vanguard Group Inc. Boosts Stock Position in Grupo Cibest S.A. – Sponsored ADR $CIB

Vanguard Group Inc. boosted its holdings in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 0.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,021,684 shares of the bank’s stock after purchasing an additional 18,917 shares during the quarter. Vanguard Group Inc.’s holdings in Grupo Cibest were worth $156,946,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Grupo Cibest by 6.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,133,425 shares of the bank’s stock valued at $52,353,000 after purchasing an additional 72,119 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Grupo Cibest by 4.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 980,426 shares of the bank’s stock valued at $50,923,000 after purchasing an additional 40,447 shares during the last quarter. Sei Investments Co. raised its stake 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 worth $39,895,000 after purchasing an additional 198,228 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Grupo Cibest by 3.8% during the 2nd quarter. Bank of America Corp DE now owns 457,601 shares of the bank’s stock valued at $21,137,000 after acquiring an additional 16,866 shares during the period. Finally, Amundi lifted its position in Grupo Cibest by 6.4% during the second quarter. Amundi now owns 384,613 shares of the bank’s stock worth $17,831,000 after buying an additional 23,168 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, November 21st. Citigroup downgraded Grupo Cibest from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. Itau BBA Securities downgraded shares of Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 price objective for the company. in a report on Thursday, February 26th. The Goldman Sachs Group upped their price target on shares of Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Finally, Zacks Research downgraded Grupo Cibest from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $59.20.

Grupo Cibest Stock Down 0.7%

Shares of NYSE CIB opened at $66.32 on Wednesday. The company has a 50 day simple moving average of $74.31 and a 200 day simple moving average of $62.84. Grupo Cibest S.A. – Sponsored ADR has a 1 year low of $35.44 and a 1 year high of $86.31. The firm has a market cap of $15.95 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00.

About Grupo Cibest

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.