PensionDanmark Pensionsforsikringsaktieselskab Raises Stock Holdings in Grupo Cibest S.A. – Sponsored ADR $CIB

PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 11.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,000 shares of the bank’s stock after acquiring an additional 7,200 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Grupo Cibest were worth $5,481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Arax Advisory Partners increased its position in shares of Grupo Cibest by 2,525.0% during the 4th quarter. Arax Advisory Partners now owns 525 shares of the bank’s stock valued at $33,000 after purchasing an additional 505 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Grupo Cibest by 105.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock worth $35,000 after buying an additional 280 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new position in shares of Grupo Cibest in the 4th quarter worth about $43,000. Caitong International Asset Management Co. Ltd grew its position in Grupo Cibest by 89.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 753 shares of the bank’s stock valued at $48,000 after buying an additional 355 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in Grupo Cibest by 796.3% during the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock valued at $45,000 after buying an additional 868 shares during the period.

Analyst Upgrades and Downgrades

CIB has been the topic of several research reports. Itau BBA Securities raised shares of Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. increased their target price on shares of Grupo Cibest from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Cibest in a research note on Tuesday, July 21st. Bank of America raised shares of Grupo Cibest from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $68.00 to $75.00 in a report on Monday, June 1st. Finally, UBS Group upped their price objective on Grupo Cibest from $52.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Grupo Cibest has an average rating of “Hold” and an average price target of $76.60.

Grupo Cibest Trading Down 1.7%

Shares of Grupo Cibest stock opened at $88.75 on Friday. Grupo Cibest S.A. – Sponsored ADR has a 52-week low of $46.31 and a 52-week high of $94.21. The stock’s 50-day simple moving average is $81.57 and its 200 day simple moving average is $75.58. The stock has a market capitalization of $21.06 billion, a P/E ratio of 24.65, a P/E/G ratio of 1.01 and a beta of 0.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 0.98.

Grupo Cibest Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Tuesday, June 30th were given a $1.304 dividend. This represents a $5.22 annualized dividend and a dividend yield of 5.9%. This is an increase from Grupo Cibest’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Tuesday, June 30th. Grupo Cibest’s payout ratio is presently 147.78%.

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.