Alps Advisors Inc. Takes Position in Grupo Cibest S.A. – Sponsored ADR $CIB

Alps Advisors Inc. purchased a new position in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,700 shares of the bank’s stock, valued at approximately $556,000.

Other hedge funds also recently made changes to their positions in the company. Millennium Management LLC lifted its stake in shares of Grupo Cibest by 527.0% in the 1st quarter. Millennium Management LLC now owns 316,877 shares of the bank’s stock valued at $12,738,000 after purchasing an additional 266,341 shares during the period. Goldman Sachs Group Inc. grew its position in Grupo Cibest by 62.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 142,018 shares of the bank’s stock worth $5,709,000 after purchasing an additional 54,497 shares in the last quarter. Aberdeen Group plc increased its position in shares of Grupo Cibest by 25.4% during the second quarter. Aberdeen Group plc now owns 6,377 shares of the bank’s stock valued at $296,000 after acquiring an additional 1,291 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Grupo Cibest by 22.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,317 shares of the bank’s stock worth $846,000 after buying an additional 3,384 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Grupo Cibest by 88.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 178,137 shares of the bank’s stock worth $8,228,000 after purchasing an additional 83,751 shares during the period.

Grupo Cibest Stock Performance

CIB stock opened at $76.63 on Friday. 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 capitalization of $18.43 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 0.96 and a beta of 0.79. The stock’s 50 day simple moving average is $71.30 and its 200 day simple moving average is $60.04.

Analysts Set New Price Targets

A number of brokerages recently commented on CIB. Weiss Ratings restated a “buy (b-)” rating on shares of Grupo Cibest in a research note on Monday, December 29th. Citigroup cut Grupo Cibest from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. The Goldman Sachs Group upgraded shares of 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. Zacks Research cut shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Santander lowered Grupo Cibest to an “underperform” rating in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $55.25.

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.