Grupo Cibest S.A. – Sponsored ADR $CIB Shares Purchased by ABN Amro Investment Solutions

ABN Amro Investment Solutions lifted its stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 110.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 182,945 shares of the bank’s stock after acquiring an additional 96,109 shares during the quarter. ABN Amro Investment Solutions’ holdings in Grupo Cibest were worth $11,637,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CIB. Allianz Asset Management GmbH lifted its holdings in Grupo Cibest by 25.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 222,803 shares of the bank’s stock worth $11,572,000 after buying an additional 44,666 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Grupo Cibest by 4.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 980,426 shares of the bank’s stock worth $50,923,000 after buying an additional 40,447 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Grupo Cibest by 20.1% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 78,130 shares of the bank’s stock worth $4,058,000 after buying an additional 13,078 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in Grupo Cibest during the 3rd quarter worth approximately $4,113,000. Finally, Vanguard Group Inc. lifted its holdings in Grupo Cibest by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,021,684 shares of the bank’s stock worth $156,946,000 after buying an additional 18,917 shares in the last quarter.

Wall Street Analyst Weigh In

CIB has been the topic of a number of research reports. Citigroup lowered shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. UBS Group increased their target price on shares of Grupo Cibest from $52.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. increased their target price on shares of Grupo Cibest from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday. Weiss Ratings lowered shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Finally, The Goldman Sachs Group increased their target price 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. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $67.00.

Grupo Cibest Price Performance

Shares of CIB opened at $65.67 on Thursday. Grupo Cibest S.A. – Sponsored ADR has a twelve month low of $40.28 and a twelve month high of $86.31. The firm’s fifty day simple moving average is $69.85 and its 200-day simple moving average is $69.30. The firm has a market capitalization of $15.79 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 0.92 and a beta of 0.71. The company has a current ratio of 0.98, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.

Grupo Cibest (NYSE:CIB) last announced its quarterly earnings data on Monday, May 4th. The bank reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.22). Grupo Cibest had a net margin of 8.41% and a return on equity of 21.07%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $2.04 billion. Equities analysts forecast that Grupo Cibest S.A. – Sponsored ADR will post 9.07 EPS for the current fiscal year.

Grupo Cibest Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Tuesday, March 31st were issued a $1.2182 dividend. This represents a $4.87 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date was Tuesday, March 31st. Grupo Cibest’s dividend payout ratio (DPR) is presently 136.11%.

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.