Grupo Cibest S.A. – Sponsored ADR $CIB Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its holdings in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,133,425 shares of the bank’s stock after purchasing an additional 72,119 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.47% of Grupo Cibest worth $52,353,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Grupo Cibest during the second quarter valued at about $629,000. Virtus Advisers LLC boosted its position in shares of Grupo Cibest by 4.1% during the 2nd quarter. Virtus Advisers LLC now owns 41,149 shares of the bank’s stock worth $1,901,000 after purchasing an additional 1,629 shares during the period. West Family Investments Inc. purchased a new stake in Grupo Cibest in the second quarter valued at approximately $222,000. Coldstream Capital Management Inc. raised its position in Grupo Cibest by 790.9% in the second quarter. Coldstream Capital Management Inc. now owns 5,372 shares of the bank’s stock valued at $248,000 after purchasing an additional 4,769 shares during the period. Finally, Barings LLC lifted its stake in Grupo Cibest by 131.5% during the second quarter. Barings LLC now owns 47,837 shares of the bank’s stock worth $2,210,000 after purchasing an additional 27,171 shares in the last quarter.

Grupo Cibest Stock Performance

Shares of CIB stock opened at $64.29 on Friday. The company has a market cap of $15.46 billion, a P/E ratio of 8.83, a PEG ratio of 0.89 and a beta of 0.88. The firm has a fifty day moving average price of $58.15 and a 200 day moving average price of $50.47. The company has a current ratio of 1.00, a quick 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 $31.19 and a 12 month high of $65.46.

Analyst Upgrades and Downgrades

CIB has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on Grupo Cibest from $48.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, November 21st. Citigroup reiterated a “buy” rating on shares of Grupo Cibest in a research note on Monday, October 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Grupo Cibest in a research report on Monday. Bank of America restated an “underperform” rating on shares of Grupo Cibest in a report on Thursday, September 11th. Finally, Zacks Research upgraded shares of Grupo Cibest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $48.00.

About Grupo Cibest

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.