Sei Investments Co. Decreases Stake in Grupo Cibest S.A. – Sponsored ADR $CIB

Sei Investments Co. lessened its holdings in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 2.6% during the 1st quarter, HoldingsChannel reports. The firm owned 799,330 shares of the bank’s stock after selling 20,925 shares during the period. Sei Investments Co.’s holdings in Grupo Cibest were worth $58,199,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CIB. FNY Investment Advisers LLC acquired a new stake in shares of Grupo Cibest in the fourth quarter valued at about $31,000. Arax Advisory Partners boosted its position in Grupo Cibest by 2,525.0% during the fourth quarter. Arax Advisory Partners now owns 525 shares of the bank’s stock worth $33,000 after acquiring an additional 505 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Grupo Cibest by 105.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock worth $35,000 after acquiring an additional 280 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Grupo Cibest during the 4th quarter valued at about $43,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Grupo Cibest by 89.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 753 shares of the bank’s stock valued at $48,000 after acquiring an additional 355 shares in the last quarter.

Grupo Cibest Price Performance

Shares of CIB stock opened at $86.14 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $20.44 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 0.98 and a beta of 0.67. The firm’s 50-day moving average is $76.97 and its two-hundred day moving average is $74.23. Grupo Cibest S.A. – Sponsored ADR has a 12 month low of $43.20 and a 12 month high of $88.04.

Grupo Cibest (NYSE:CIB) last posted its quarterly earnings results 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). The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Grupo Cibest had a net margin of 8.41% and a return on equity of 21.07%. Analysts predict that Grupo Cibest S.A. – Sponsored ADR will post 8.87 earnings per share for the current year.

Grupo Cibest Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Tuesday, June 30th were given a $1.304 dividend. The ex-dividend date was Tuesday, June 30th. This is a positive change from Grupo Cibest’s previous quarterly dividend of $1.22. This represents a $5.22 annualized dividend and a yield of 6.1%. Grupo Cibest’s dividend payout ratio (DPR) is currently 147.78%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CIB shares. The Goldman Sachs Group raised their target price on shares of Grupo Cibest from $71.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Itau BBA Securities upgraded Grupo Cibest from a “strong sell” rating to a “market perform” rating in a research report on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Cibest in a report on Tuesday. UBS Group lifted their price objective on Grupo Cibest from $52.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Finally, Zacks Research raised Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $73.20.

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.