Grupo Cibest S.A. – Sponsored ADR $CIB Shares Purchased by Barings LLC

Barings LLC raised its stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 131.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,837 shares of the bank’s stock after purchasing an additional 27,171 shares during the quarter. Barings LLC’s holdings in Grupo Cibest were worth $2,210,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. boosted its holdings in Grupo Cibest by 16.8% in the second quarter. American Century Companies Inc. now owns 121,092 shares of the bank’s stock valued at $5,593,000 after acquiring an additional 17,426 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Grupo Cibest by 22.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 939,979 shares of the bank’s stock worth $43,418,000 after purchasing an additional 173,734 shares during the period. ABN Amro Investment Solutions acquired a new position in shares of Grupo Cibest in the 2nd quarter valued at about $4,011,000. Candriam S.C.A. acquired a new position in shares of Grupo Cibest in the 2nd quarter valued at about $8,619,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Grupo Cibest by 30.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,623 shares of the bank’s stock worth $491,000 after purchasing an additional 2,506 shares during the period.

Wall Street Analyst Weigh In

Several research firms recently commented on CIB. JPMorgan Chase & Co. lifted their price target on shares of Grupo Cibest from $48.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday. Citigroup reissued a “buy” rating on shares of Grupo Cibest in a research note on Monday, October 20th. Bank of America reaffirmed an “underperform” rating on shares of Grupo Cibest in a research report on Thursday, September 11th. Zacks Research raised Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Grupo Cibest in a research note on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $48.00.

Grupo Cibest Stock Performance

Grupo Cibest stock opened at $60.71 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s fifty day moving average price is $56.25 and its 200 day moving average price is $49.19. The company has a market capitalization of $14.60 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 1.13 and a beta of 0.95. Grupo Cibest S.A. – Sponsored ADR has a 12-month low of $31.19 and a 12-month high of $65.00.

Grupo Cibest Profile

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.