Barrow Hanley Mewhinney & Strauss LLC Purchases Shares of 864,844 Grupo Cibest S.A. – Sponsored ADR $CIB

Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 864,844 shares of the bank’s stock, valued at approximately $44,920,000. Barrow Hanley Mewhinney & Strauss LLC owned 0.36% of Grupo Cibest at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in Grupo Cibest by 22.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 939,979 shares of the bank’s stock valued at $43,418,000 after purchasing an additional 173,734 shares during the period. Allianz Asset Management GmbH lifted its position in Grupo Cibest by 25.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 222,803 shares of the bank’s stock valued at $11,572,000 after acquiring an additional 44,666 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in Grupo Cibest by 790.9% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,372 shares of the bank’s stock worth $248,000 after purchasing an additional 4,769 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Grupo Cibest by 20.1% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 78,130 shares of the bank’s stock valued at $4,058,000 after buying an additional 13,078 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in Grupo Cibest during the third quarter worth $4,113,000.

Analyst Ratings Changes

Several research firms have recently issued reports on CIB. Zacks Research lowered shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, December 29th. JPMorgan Chase & Co. increased their price objective on shares of Grupo Cibest from $48.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, November 21st. Santander lowered Grupo Cibest to an “underperform” rating in a report on Wednesday, December 17th. Finally, Itau BBA Securities downgraded Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 price target for the company. in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Grupo Cibest currently has a consensus rating of “Reduce” and an average target price of $59.20.

Grupo Cibest Stock Up 4.2%

Shares of NYSE:CIB opened at $70.28 on Wednesday. The firm has a fifty day moving average price of $74.56 and a two-hundred day moving average price of $63.47. The company has a market cap of $16.90 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 1.17 and a beta of 0.83. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 1.00. Grupo Cibest S.A. – Sponsored ADR has a one year low of $35.44 and a one year 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.