Grupo Cibest S.A. – Sponsored ADR $CIB is Truffle Hound Capital LLC’s 3rd Largest Position

Truffle Hound Capital LLC reduced its position in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 8.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 230,000 shares of the bank’s stock after selling 20,000 shares during the quarter. Grupo Cibest accounts for about 3.3% of Truffle Hound Capital LLC’s investment portfolio, making the stock its 3rd biggest holding. Truffle Hound Capital LLC owned 0.10% of Grupo Cibest worth $11,946,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CIB. Caitong International Asset Management Co. Ltd increased its position in shares of Grupo Cibest by 253.2% during the second quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock valued at $30,000 after acquiring an additional 471 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Grupo Cibest by 796.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock worth $45,000 after purchasing an additional 868 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Grupo Cibest by 21.6% in the second quarter. Osaic Holdings Inc. now owns 5,200 shares of the bank’s stock worth $240,000 after purchasing an additional 925 shares during the last quarter. Triasima Portfolio Management inc. lifted its holdings in shares of Grupo Cibest by 0.9% during the third quarter. Triasima Portfolio Management inc. now owns 105,617 shares of the bank’s stock valued at $5,486,000 after purchasing an additional 962 shares in the last quarter. Finally, Aberdeen Group plc boosted its position in shares of Grupo Cibest by 25.4% during the second quarter. Aberdeen Group plc now owns 6,377 shares of the bank’s stock valued at $296,000 after buying an additional 1,291 shares during the last quarter.

Grupo Cibest Trading Up 0.4%

CIB stock opened at $77.00 on Friday. The company has a market capitalization of $18.52 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 0.93 and a beta of 0.79. 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 1-year low of $35.44 and a 1-year high of $86.31. The business has a 50 day simple moving average of $71.59 and a two-hundred day simple moving average of $60.27.

Analyst Ratings Changes

Several research firms have issued reports on CIB. Weiss Ratings restated a “buy (b-)” rating on shares of Grupo Cibest in a research note on Monday, December 29th. Zacks Research downgraded shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. JPMorgan Chase & Co. raised their target price 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. Santander lowered shares of Grupo Cibest to an “underperform” rating in a research note on Wednesday, December 17th. Finally, Citigroup cut Grupo Cibest from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Grupo Cibest currently has an average rating of “Reduce” and a consensus price target of $55.25.

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.