Swedbank AB Sells 9,900 Shares of Grupo Cibest S.A. – Sponsored ADR $CIB

Swedbank AB lessened its holdings in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 31.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,300 shares of the bank’s stock after selling 9,900 shares during the quarter. Swedbank AB’s holdings in Grupo Cibest were worth $1,355,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Signaturefd LLC raised its holdings in Grupo Cibest by 5.3% in the 4th quarter. Signaturefd LLC now owns 4,905 shares of the bank’s stock valued at $312,000 after buying an additional 248 shares during the last quarter. GAMMA Investing LLC raised its holdings in Grupo Cibest by 39.8% in the 4th quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock valued at $84,000 after buying an additional 376 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Grupo Cibest by 9.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,855 shares of the bank’s stock valued at $252,000 after buying an additional 399 shares during the last quarter. R Squared Ltd raised its holdings in Grupo Cibest by 7.1% in the 3rd quarter. R Squared Ltd now owns 6,373 shares of the bank’s stock valued at $331,000 after buying an additional 420 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Grupo Cibest in the 4th quarter valued at approximately $31,000.

Grupo Cibest Stock Performance

Shares of CIB stock opened at $65.30 on Monday. The company has a market cap of $15.70 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 0.95 and a beta of 0.71. Grupo Cibest S.A. – Sponsored ADR has a 52 week low of $40.26 and a 52 week high of $86.31. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $70.47 and a 200-day moving average of $68.79.

Grupo Cibest (NYSE:CIB) last issued its quarterly earnings data on Monday, May 4th. The bank reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.22). Grupo Cibest had a net margin of 8.41% and a return on equity of 23.86%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $2.04 billion. On average, equities analysts forecast that Grupo Cibest S.A. – Sponsored ADR will post 9.07 earnings per share for the current year.

Grupo Cibest Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Tuesday, March 31st were paid a dividend of $1.2182 per share. The ex-dividend date was Tuesday, March 31st. This represents a $4.87 annualized dividend and a yield of 7.5%. Grupo Cibest’s dividend payout ratio (DPR) is 136.11%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CIB. Zacks Research lowered shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Citigroup lowered shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Weiss Ratings lowered shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. The Goldman Sachs Group raised their price target on shares of Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Finally, Itau BBA Securities lowered shares of Grupo Cibest from a “market perform” rating to an “underperform” rating and set a $68.00 price target for the company. in a report on Thursday, February 26th. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $66.00.

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.