Swedbank AB Reduces Holdings in Grupo Cibest S.A. – Sponsored ADR $CIB

Swedbank AB reduced its holdings in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 31.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,300 shares of the bank’s stock after selling 9,900 shares during the quarter. Swedbank AB’s holdings in Grupo Cibest were worth $1,355,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new position in Grupo Cibest during the 4th quarter valued at about $31,000. TD Waterhouse Canada Inc. purchased a new position in Grupo Cibest during the 4th quarter valued at about $43,000. Tower Research Capital LLC TRC increased its holdings in Grupo Cibest by 796.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock valued at $45,000 after acquiring an additional 868 shares in the last quarter. GAMMA Investing LLC increased its holdings in Grupo Cibest by 39.8% during the 4th quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock valued at $84,000 after acquiring an additional 376 shares in the last quarter. Finally, Grove Bank & Trust purchased a new position in Grupo Cibest during the 4th quarter valued at about $97,000.

Grupo Cibest Price Performance

Grupo Cibest stock opened at $70.87 on Thursday. Grupo Cibest S.A. – Sponsored ADR has a 12-month low of $41.22 and a 12-month high of $86.31. The stock has a market capitalization of $17.04 billion, a P/E ratio of 19.69, a P/E/G ratio of 1.09 and a beta of 0.71. The firm’s 50-day moving average is $69.87 and its two-hundred day moving average is $69.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.98.

Grupo Cibest (NYSE:CIB) last released 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). Grupo Cibest had a return on equity of 21.07% and a net margin of 8.41%.The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $2.04 billion. Equities analysts predict that Grupo Cibest S.A. – Sponsored ADR will post 8.62 earnings per share for the current year.

Grupo Cibest Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Tuesday, March 31st were given a $1.2182 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $4.87 annualized dividend and a dividend yield of 6.9%. Grupo Cibest’s dividend payout ratio (DPR) is currently 136.11%.

Analyst Ratings Changes

Several equities analysts have weighed in on CIB shares. The Goldman Sachs Group raised their target price on shares of Grupo Cibest from $69.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. raised their price target on shares of Grupo Cibest from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Itau BBA Securities raised shares of Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research note on Tuesday. UBS Group raised 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. Finally, Weiss Ratings cut shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Seven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $67.00.

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.