Capital Wealth Planning LLC Purchases 68,425 Shares of Grupo Cibest S.A. – Sponsored ADR $CIB

Capital Wealth Planning LLC boosted its holdings in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 31.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 284,643 shares of the bank’s stock after acquiring an additional 68,425 shares during the quarter. Capital Wealth Planning LLC owned approximately 0.12% of Grupo Cibest worth $14,784,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Jump Financial LLC grew its position in Grupo Cibest by 17.5% in the third quarter. Jump Financial LLC now owns 108,112 shares of the bank’s stock worth $5,615,000 after acquiring an additional 16,110 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of Grupo Cibest by 6.3% during the 3rd quarter. Pathstone Holdings LLC now owns 29,116 shares of the bank’s stock valued at $1,512,000 after purchasing an additional 1,714 shares in the last quarter. Boston Partners acquired a new stake in shares of Grupo Cibest in the 3rd quarter valued at $3,398,000. Blue Grotto Capital LLC lifted its stake in shares of Grupo Cibest by 1.8% in the 3rd quarter. Blue Grotto Capital LLC now owns 356,557 shares of the bank’s stock valued at $18,520,000 after purchasing an additional 6,446 shares during the last quarter. Finally, UBS Group AG boosted its holdings in Grupo Cibest by 172.5% in the third quarter. UBS Group AG now owns 27,127 shares of the bank’s stock worth $1,409,000 after purchasing an additional 17,173 shares in the last quarter.

Grupo Cibest Price Performance

NYSE:CIB opened at $65.86 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00. Grupo Cibest S.A. – Sponsored ADR has a one year low of $35.44 and a one year high of $86.31. The company has a fifty day moving average price of $74.78 and a 200 day moving average price of $63.64. The stock has a market cap of $15.84 billion, a P/E ratio of 18.00, a PEG ratio of 1.14 and a beta of 0.83.

Analyst Upgrades and Downgrades

Several research firms have commented on CIB. The Goldman Sachs Group increased their target price 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, December 29th. JPMorgan Chase & Co. upped their price target 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. Itau BBA Securities downgraded Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 price target on the stock. in a research report on Thursday, February 26th. Finally, Santander lowered Grupo Cibest to an “underperform” rating in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Grupo Cibest presently has an average rating of “Reduce” and an average price target of $59.20.

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.