American Century Companies Inc. Boosts Stock Holdings in Grupo Cibest S.A. – Sponsored ADR $CIB

American Century Companies Inc. boosted its stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 16.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,092 shares of the bank’s stock after purchasing an additional 17,426 shares during the quarter. American Century Companies Inc. owned about 0.05% of Grupo Cibest worth $5,593,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Millennium Management LLC increased its holdings in shares of Grupo Cibest by 527.0% in the first quarter. Millennium Management LLC now owns 316,877 shares of the bank’s stock worth $12,738,000 after purchasing an additional 266,341 shares during the last quarter. Candriam S.C.A. purchased a new position in Grupo Cibest during the 2nd quarter valued at approximately $8,619,000. JPMorgan Chase & Co. increased its stake in 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 acquiring an additional 173,734 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Grupo Cibest by 176.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 239,710 shares of the bank’s stock worth $9,636,000 after acquiring an additional 153,058 shares in the last quarter. Finally, ABN Amro Investment Solutions bought a new position in shares of Grupo Cibest during the 2nd quarter valued at approximately $4,011,000.

Grupo Cibest Stock Performance

Grupo Cibest stock opened at $62.33 on Friday. 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 firm has a market capitalization of $14.99 billion, a P/E ratio of 8.56, a price-to-earnings-growth ratio of 0.87 and a beta of 0.88. Grupo Cibest S.A. – Sponsored ADR has a 1-year low of $31.19 and a 1-year high of $65.46. The company’s 50-day moving average is $58.36 and its 200 day moving average is $50.68.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CIB. Weiss Ratings restated a “buy (b-)” rating on shares of Grupo Cibest in a research report on Monday, December 1st. Bank of America restated an “underperform” rating on shares of Grupo Cibest in a report on Thursday, September 11th. JPMorgan Chase & Co. upped their target price on shares of Grupo Cibest from $48.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Citigroup reiterated a “buy” rating on shares of Grupo Cibest in a research report on Monday, October 20th. Finally, Zacks Research raised Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.