B. Metzler seel. Sohn & Co. AG Boosts Stake in Grupo Cibest S.A. – Sponsored ADR $CIB

B. Metzler seel. Sohn & Co. AG increased its holdings in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 38.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,865 shares of the bank’s stock after purchasing an additional 18,141 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Grupo Cibest were worth $3,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in Grupo Cibest by 231.3% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 213,717 shares of the bank’s stock valued at $11,100,000 after acquiring an additional 149,212 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Grupo Cibest by 7.2% in the third quarter. Dimensional Fund Advisors LP now owns 426,042 shares of the bank’s stock worth $22,123,000 after acquiring an additional 28,577 shares during the period. R Squared Ltd grew its stake in shares of Grupo Cibest by 7.1% in the third quarter. R Squared Ltd now owns 6,373 shares of the bank’s stock worth $331,000 after acquiring an additional 420 shares during the period. Barings LLC raised its holdings in shares of Grupo Cibest by 104.6% during the third quarter. Barings LLC now owns 97,893 shares of the bank’s stock valued at $5,085,000 after purchasing an additional 50,056 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Grupo Cibest by 0.6% during the third quarter. Vanguard Group Inc. now owns 3,021,684 shares of the bank’s stock valued at $156,946,000 after purchasing an additional 18,917 shares during the period.

Grupo Cibest Stock Up 3.6%

Shares of CIB stock opened at $67.57 on Tuesday. 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 $35.44 and a 12 month high of $86.31. The stock has a market cap of $16.25 billion, a P/E ratio of 18.46, a P/E/G ratio of 1.14 and a beta of 0.83. The company has a 50 day simple moving average of $74.43 and a two-hundred day simple moving average of $63.32.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CIB shares. JPMorgan Chase & Co. raised their target price on shares of Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, November 21st. Zacks Research cut Grupo Cibest from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Citigroup downgraded Grupo Cibest from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. The Goldman Sachs Group lifted their price objective on Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Grupo Cibest in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $59.20.

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.