Grupo Cibest S.A. – Sponsored ADR $CIB Stock Holdings Increased by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its holdings in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 25.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 222,803 shares of the bank’s stock after purchasing an additional 44,666 shares during the quarter. Allianz Asset Management GmbH owned 0.09% of Grupo Cibest worth $11,572,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its position in Grupo Cibest by 253.2% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock valued at $30,000 after buying an additional 471 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Grupo Cibest by 796.3% in the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock worth $45,000 after acquiring an additional 868 shares in the last quarter. Westfuller Advisors LLC bought a new stake in shares of Grupo Cibest in the 3rd quarter worth approximately $104,000. State of Wyoming acquired a new stake in Grupo Cibest during the third quarter valued at approximately $139,000. Finally, Blue Trust Inc. boosted its holdings in Grupo Cibest by 298.1% during the third quarter. Blue Trust Inc. now owns 3,121 shares of the bank’s stock worth $162,000 after buying an additional 2,337 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CIB. Santander downgraded Grupo Cibest to an “underperform” rating in a research report on Wednesday, December 17th. Zacks Research downgraded Grupo Cibest from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. lifted their price target on Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, November 21st. The Goldman Sachs Group upgraded Grupo Cibest from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $49.00 to $69.00 in a report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Grupo Cibest presently has a consensus rating of “Reduce” and a consensus price target of $55.25.

Grupo Cibest Price Performance

Shares of CIB opened at $78.34 on Monday. The business’s 50-day moving average is $70.07 and its 200-day moving average is $59.28. 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 company has a market capitalization of $18.84 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of 0.95 and a beta of 0.79. Grupo Cibest S.A. – Sponsored ADR has a fifty-two week low of $35.44 and a fifty-two week high of $86.31.

Grupo Cibest Profile

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.