14B Captial Management LP Sells 266,000 Shares of Grupo Cibest S.A. – Sponsored ADR $CIB

14B Captial Management LP trimmed its stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 70.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 112,000 shares of the bank’s stock after selling 266,000 shares during the period. Grupo Cibest accounts for about 3.4% of 14B Captial Management LP’s investment portfolio, making the stock its 10th largest position. 14B Captial Management LP’s holdings in Grupo Cibest were worth $5,817,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in CIB. Ameriprise Financial Inc. grew its holdings in Grupo Cibest by 9.0% during the third quarter. Ameriprise Financial Inc. now owns 4,855 shares of the bank’s stock valued at $252,000 after purchasing an additional 399 shares during the last quarter. R Squared Ltd boosted its holdings in shares of Grupo Cibest by 7.1% during the 3rd quarter. R Squared Ltd now owns 6,373 shares of the bank’s stock worth $331,000 after buying an additional 420 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Grupo Cibest by 796.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock worth $45,000 after buying an additional 868 shares during the period. Osaic Holdings Inc. grew its stake in Grupo Cibest by 21.6% in the 2nd quarter. Osaic Holdings Inc. now owns 5,200 shares of the bank’s stock valued at $240,000 after buying an additional 925 shares during the last quarter. Finally, Triasima Portfolio Management inc. raised its holdings in Grupo Cibest by 0.9% in the 3rd quarter. Triasima Portfolio Management inc. now owns 105,617 shares of the bank’s stock worth $5,486,000 after acquiring an additional 962 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Grupo Cibest from $48.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. Santander downgraded Grupo Cibest to an “underperform” rating in a research report on Wednesday, December 17th. Zacks Research cut Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Itau BBA Securities downgraded Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 target price for the company. in a research note on Thursday, February 26th. Finally, The Goldman Sachs Group raised their target price on Grupo Cibest from $69.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $59.20.

Grupo Cibest Stock Performance

Shares of NYSE CIB opened at $65.86 on Friday. The firm has a market capitalization of $15.84 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.13 and a beta of 0.83. Grupo Cibest S.A. – Sponsored ADR has a one year low of $35.44 and a one year high of $86.31. The business has a fifty day simple moving average of $74.78 and a 200 day simple moving average of $63.73. 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 Company 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.