Vanguard Group Inc. Grows Stock Holdings in Grupo Cibest S.A. – Sponsored ADR $CIB

Vanguard Group Inc. grew its holdings in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,089,670 shares of the bank’s stock after buying an additional 67,986 shares during the quarter. Vanguard Group Inc.’s holdings in Grupo Cibest were worth $196,534,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Signaturefd LLC lifted its position in shares of Grupo Cibest by 5.3% during the fourth quarter. Signaturefd LLC now owns 4,905 shares of the bank’s stock worth $312,000 after purchasing an additional 248 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Grupo Cibest by 39.8% during the fourth quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock worth $84,000 after purchasing an additional 376 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Grupo Cibest by 9.0% during the third quarter. Ameriprise Financial Inc. now owns 4,855 shares of the bank’s stock worth $252,000 after purchasing an additional 399 shares in the last quarter. R Squared Ltd lifted its position in shares of Grupo Cibest by 7.1% during the third quarter. R Squared Ltd now owns 6,373 shares of the bank’s stock worth $331,000 after purchasing an additional 420 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Grupo Cibest during the fourth quarter worth $31,000.

Analyst Ratings Changes

CIB has been the topic of a number of recent research reports. Weiss Ratings cut shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Itau BBA Securities cut shares of Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 target price on the stock. in a research report on Thursday, February 26th. Zacks Research cut shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. UBS Group boosted their target price on shares of Grupo Cibest from $52.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Finally, The Goldman Sachs Group boosted 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. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $66.00.

Grupo Cibest Trading Up 0.2%

CIB opened at $65.30 on Friday. The stock has a market capitalization of $15.70 billion, a PE ratio of 18.14, a P/E/G ratio of 0.95 and a beta of 0.71. The firm’s fifty day moving average price is $70.47 and its 200 day moving average price is $68.79. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.03 and a quick ratio of 1.03. Grupo Cibest S.A. – Sponsored ADR has a 12-month low of $40.26 and a 12-month high of $86.31.

Grupo Cibest (NYSE:CIB) last posted its quarterly earnings results on Monday, May 4th. The bank reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.22). The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $2.04 billion. Grupo Cibest had a net margin of 8.41% and a return on equity of 23.86%. As a group, research analysts expect that Grupo Cibest S.A. – Sponsored ADR will post 9.07 EPS for the current fiscal year.

Grupo Cibest Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Tuesday, March 31st were issued a $1.2182 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $4.87 annualized dividend and a yield of 7.5%. Grupo Cibest’s dividend payout ratio is currently 135.83%.

Grupo Cibest Company 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.