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

Vanguard Group Inc. increased its holdings in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,021,684 shares of the bank’s stock after purchasing an additional 18,917 shares during the period. Vanguard Group Inc. owned approximately 1.26% of Grupo Cibest worth $156,946,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CIB. Tower Research Capital LLC TRC lifted 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 buying an additional 868 shares during the period. Westfuller Advisors LLC acquired a new stake in shares of Grupo Cibest in the 3rd quarter worth $104,000. State of Wyoming acquired a new position in Grupo Cibest during the 3rd quarter worth approximately $139,000. Blue Trust Inc. boosted its position in Grupo Cibest by 298.1% during the third quarter. Blue Trust Inc. now owns 3,121 shares of the bank’s stock worth $162,000 after purchasing an additional 2,337 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new position in shares of Grupo Cibest in the second quarter worth $205,000.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CIB shares. The Goldman Sachs Group boosted their price target on Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Citigroup lowered shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. raised their price target on shares of Grupo Cibest from $48.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, November 21st. Zacks Research cut Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Santander lowered Grupo Cibest to an “underperform” rating in a research note on Wednesday, December 17th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $59.20.

Grupo Cibest Price Performance

CIB stock opened at $66.32 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26. Grupo Cibest S.A. – Sponsored ADR has a 12 month low of $35.44 and a 12 month high of $86.31. The firm has a market cap of $15.95 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.16 and a beta of 0.83. The company’s 50-day moving average price is $74.31 and its two-hundred day moving average price is $62.84.

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.