Blue Grotto Capital LLC Boosts Stock Holdings in Grupo Cibest S.A. – Sponsored ADR $CIB

Blue Grotto Capital LLC raised its position in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 73.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 350,111 shares of the bank’s stock after acquiring an additional 147,801 shares during the quarter. Grupo Cibest makes up about 2.0% of Blue Grotto Capital LLC’s holdings, making the stock its 20th biggest holding. Blue Grotto Capital LLC owned about 0.15% of Grupo Cibest worth $16,172,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Earnest Partners LLC grew its position in shares of Grupo Cibest by 2.3% in the 1st quarter. Earnest Partners LLC now owns 2,566,128 shares of the bank’s stock valued at $103,158,000 after buying an additional 56,475 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Grupo Cibest by 6.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,133,425 shares of the bank’s stock worth $52,353,000 after acquiring an additional 72,119 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Grupo Cibest by 22.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 939,979 shares of the bank’s stock worth $43,418,000 after buying an additional 173,734 shares in the last quarter. Sei Investments Co. raised its position in Grupo Cibest by 29.8% in the second quarter. Sei Investments Co. now owns 863,718 shares of the bank’s stock worth $39,895,000 after acquiring an additional 198,228 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Grupo Cibest by 3.8% in the 2nd quarter. Bank of America Corp DE now owns 457,601 shares of the bank’s stock valued at $21,137,000 after purchasing an additional 16,866 shares in the last quarter.

Grupo Cibest Price Performance

CIB opened at $63.88 on Friday. The company has a 50-day moving average of $59.54 and a 200-day moving average of $51.39. Grupo Cibest S.A. – Sponsored ADR has a 1-year low of $31.19 and a 1-year high of $65.73. The company has a market capitalization of $15.36 billion, a P/E ratio of 8.77, a PEG ratio of 0.90 and a beta of 0.88. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.00 and a current ratio of 1.00.

Wall Street Analysts Forecast Growth

CIB has been the subject of several research reports. Citigroup reaffirmed a “buy” rating on shares of Grupo Cibest in a report on Monday, October 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Grupo Cibest in a research report on Monday. Bank of America reiterated an “underperform” rating on shares of Grupo Cibest in a report on Thursday, September 11th. JPMorgan Chase & Co. boosted their price target on Grupo Cibest from $48.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Finally, Zacks Research raised shares of 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 assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Grupo Cibest presently has an average rating of “Hold” and a consensus price target of $48.00.

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.