Arrowstreet Capital Limited Partnership Boosts Holdings in Grupo Cibest S.A. – Sponsored ADR $CIB

Arrowstreet Capital Limited Partnership increased its stake in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 6.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,133,425 shares of the bank’s stock after purchasing an additional 72,119 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Grupo Cibest were worth $52,353,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position in shares of Grupo Cibest by 253.2% during the second quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock worth $30,000 after purchasing an additional 471 shares in the last quarter. Measured Wealth Private Client Group LLC grew its stake in Grupo Cibest by 7.9% during the 1st quarter. Measured Wealth Private Client Group LLC now owns 9,548 shares of the bank’s stock worth $384,000 after buying an additional 700 shares during the last quarter. Ballentine Partners LLC lifted its stake in Grupo Cibest by 5.2% in the second quarter. Ballentine Partners LLC now owns 16,074 shares of the bank’s stock valued at $742,000 after buying an additional 795 shares during the last quarter. US Bancorp DE lifted its stake in Grupo Cibest by 14.3% in the first quarter. US Bancorp DE now owns 6,394 shares of the bank’s stock valued at $257,000 after buying an additional 800 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of Grupo Cibest in the first quarter valued at approximately $45,000.

Wall Street Analyst Weigh In

Several research firms recently commented on CIB. Weiss Ratings reiterated a “buy (b-)” rating on shares of Grupo Cibest in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Grupo Cibest from $48.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, November 21st. Citigroup reiterated a “buy” rating on shares of Grupo Cibest in a research note on Monday, October 20th. Zacks Research upgraded Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Finally, Bank of America reaffirmed an “underperform” rating on shares of Grupo Cibest in a research note on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $48.00.

Grupo Cibest Trading Up 0.4%

Shares of CIB opened at $64.29 on Friday. Grupo Cibest S.A. – Sponsored ADR has a twelve month low of $31.19 and a twelve month high of $65.46. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $15.46 billion, a P/E ratio of 8.83, a PEG ratio of 0.89 and a beta of 0.88. The firm’s 50-day moving average is $58.15 and its two-hundred day moving average is $50.47.

Grupo Cibest Profile

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.