Grupo Cibest S.A. – Sponsored ADR $CIB Position Raised by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 231.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 213,717 shares of the bank’s stock after acquiring an additional 149,212 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Grupo Cibest were worth $11,100,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in Grupo Cibest by 796.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock valued at $45,000 after purchasing an additional 868 shares during the last quarter. Westfuller Advisors LLC bought a new position in Grupo Cibest in the 3rd quarter worth about $104,000. State of Wyoming acquired a new stake in shares of Grupo Cibest in the third quarter valued at approximately $139,000. Blue Trust Inc. raised its holdings in shares of Grupo Cibest by 298.1% during the third quarter. Blue Trust Inc. now owns 3,121 shares of the bank’s stock valued at $162,000 after buying an additional 2,337 shares during the last quarter. Finally, PDS Planning Inc bought a new stake in shares of Grupo Cibest during the third quarter valued at approximately $230,000.

Analyst Ratings Changes

A number of brokerages recently issued reports on CIB. Weiss Ratings reissued a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, December 29th. Zacks Research downgraded Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. boosted their price target on Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. Itau BBA Securities cut Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 price target for the company. in a research note on Thursday, February 26th. Finally, The Goldman Sachs Group lifted their price objective on shares of Grupo Cibest from $69.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Grupo Cibest currently has an average rating of “Reduce” and an average price target of $59.20.

Grupo Cibest Trading Up 3.6%

Grupo Cibest stock opened at $67.57 on Tuesday. Grupo Cibest S.A. – Sponsored ADR has a 12-month low of $35.44 and a 12-month high of $86.31. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $16.25 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 1.14 and a beta of 0.83. The firm has a 50 day simple moving average of $74.43 and a 200-day simple moving average of $63.32.

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.