Swedbank AB Lowers Position in Grupo Cibest S.A. – Sponsored ADR $CIB

Swedbank AB lessened its stake in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 57.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 31,200 shares of the bank’s stock after selling 42,500 shares during the period. Swedbank AB’s holdings in Grupo Cibest were worth $1,621,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Grupo Cibest by 253.2% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 657 shares of the bank’s stock valued at $30,000 after acquiring an additional 471 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Grupo Cibest by 796.3% in the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock worth $45,000 after purchasing an additional 868 shares during the period. Corient Private Wealth LLC bought a new position in shares of Grupo Cibest in the second quarter worth approximately $205,000. West Family Investments Inc. purchased a new stake in shares of Grupo Cibest in the second quarter worth $222,000. Finally, Osaic Holdings Inc. raised its position in shares of Grupo Cibest by 21.6% during the 2nd quarter. Osaic Holdings Inc. now owns 5,200 shares of the bank’s stock valued at $240,000 after purchasing an additional 925 shares during the period.

Grupo Cibest Trading Up 1.4%

CIB stock opened at $65.22 on Friday. The firm has a fifty day moving average price of $61.34 and a 200 day moving average price of $52.89. Grupo Cibest S.A. – Sponsored ADR has a fifty-two week low of $31.19 and a fifty-two week high of $65.73. The firm has a market cap of $15.68 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 0.84 and a beta of 0.88. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.00 and a current ratio of 1.00.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CIB shares. Citigroup reaffirmed a “buy” rating on shares of Grupo Cibest in a report on Monday, October 20th. Zacks Research raised Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Bank of America reiterated an “underperform” rating on shares of Grupo Cibest in a research report on Thursday, September 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, December 22nd. Finally, Santander lowered shares of Grupo Cibest to an “underperform” rating in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $48.00.

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.