16,242 Shares in Grupo Cibest S.A. – Sponsored ADR $CIB Acquired by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda purchased a new position in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 16,242 shares of the bank’s stock, valued at approximately $1,183,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CIB. FNY Investment Advisers LLC purchased a new stake in Grupo Cibest in the fourth quarter valued at approximately $31,000. Arax Advisory Partners grew its position in shares of Grupo Cibest by 2,525.0% during the fourth quarter. Arax Advisory Partners now owns 525 shares of the bank’s stock worth $33,000 after acquiring an additional 505 shares during the last quarter. Smartleaf Asset Management LLC increased 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 valued at $35,000 after acquiring an additional 280 shares during the period. TD Waterhouse Canada Inc. acquired a new position in shares of Grupo Cibest in the 4th quarter valued at $43,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Grupo Cibest by 89.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 753 shares of the bank’s stock valued at $48,000 after purchasing an additional 355 shares during the last quarter.

Grupo Cibest Price Performance

Grupo Cibest stock opened at $80.41 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50 day simple moving average of $74.91 and a 200-day simple moving average of $73.51. Grupo Cibest S.A. – Sponsored ADR has a 12 month low of $43.20 and a 12 month high of $87.68. The stock has a market capitalization of $19.08 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 0.92 and a beta of 0.67.

Grupo Cibest (NYSE:CIB) last posted its quarterly earnings data on Monday, May 4th. The bank reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.22). The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Grupo Cibest had a net margin of 8.41% and a return on equity of 21.07%. Equities analysts predict that Grupo Cibest S.A. – Sponsored ADR will post 8.87 earnings per share for the current year.

Grupo Cibest Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Tuesday, June 30th were paid a $1.304 dividend. This is a boost from Grupo Cibest’s previous quarterly dividend of $1.22. The ex-dividend date was Tuesday, June 30th. This represents a $5.22 annualized dividend and a dividend yield of 6.5%. Grupo Cibest’s dividend payout ratio (DPR) is 147.78%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CIB shares. UBS Group increased their price target on shares of Grupo Cibest from $52.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group upped their target price on shares of Grupo Cibest from $71.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday. Itau BBA Securities upgraded shares of Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research note on Tuesday, May 26th. Weiss Ratings downgraded shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Finally, Bank of America raised Grupo Cibest from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $68.00 to $75.00 in a report on Monday, June 1st. Eight analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Grupo Cibest currently has a consensus rating of “Reduce” and a consensus target price of $73.20.

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.