Boston Common Asset Management LLC Sells 16,535 Shares of Grupo Cibest S.A. – Sponsored ADR $CIB

Boston Common Asset Management LLC cut its position in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 7.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,838 shares of the bank’s stock after selling 16,535 shares during the period. Boston Common Asset Management LLC owned 0.08% of Grupo Cibest worth $10,328,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its stake in Grupo Cibest by 253.2% in the second quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock valued at $30,000 after acquiring an additional 471 shares during the period. Tower Research Capital LLC TRC grew its position in Grupo Cibest by 796.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock valued at $45,000 after purchasing an additional 868 shares during the period. Blue Trust Inc. increased its stake in Grupo Cibest by 298.1% during the 3rd quarter. Blue Trust Inc. now owns 3,121 shares of the bank’s stock valued at $162,000 after purchasing an additional 2,337 shares in the last quarter. Corient Private Wealth LLC bought a new stake in Grupo Cibest during the 2nd quarter valued at $205,000. Finally, West Family Investments Inc. acquired a new position in Grupo Cibest during the second quarter worth $222,000.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Grupo Cibest from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $49.00 to $69.00 in a report on Tuesday, January 13th. Zacks Research upgraded Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. JPMorgan Chase & Co. boosted their price objective on Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, November 21st. Citigroup lowered Grupo Cibest from a “buy” rating to a “neutral” rating in a report on Wednesday. Finally, Santander cut Grupo Cibest to an “underperform” rating in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $54.80.

Grupo Cibest Price Performance

Grupo Cibest stock opened at $79.61 on Thursday. Grupo Cibest S.A. – Sponsored ADR has a 52 week low of $32.21 and a 52 week high of $79.80. The company’s 50 day moving average price is $65.49 and its two-hundred day moving average price is $56.14. The stock has a market cap of $19.14 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.96 and a beta of 0.81. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26.

About Grupo Cibest

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.