Thrivent Financial for Lutherans Takes $4.11 Million Position in Grupo Cibest S.A. – Sponsored ADR $CIB

Thrivent Financial for Lutherans acquired a new position in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) during the 3rd quarter, Holdings Channel reports. The fund acquired 79,194 shares of the bank’s stock, valued at approximately $4,113,000.

A number of other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its holdings in Grupo Cibest by 253.2% in 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 during the period. Tower Research Capital LLC TRC raised its stake in Grupo Cibest by 796.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock worth $45,000 after buying an additional 868 shares during the period. Westfuller Advisors LLC acquired a new stake in Grupo Cibest during the 3rd quarter worth $104,000. Blue Trust Inc. lifted its holdings in Grupo Cibest by 298.1% during the third quarter. Blue Trust Inc. now owns 3,121 shares of the bank’s stock worth $162,000 after acquiring an additional 2,337 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new position in Grupo Cibest in the second quarter valued at about $205,000.

Analysts Set New Price Targets

A number of research firms have recently commented on CIB. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Grupo Cibest in a research report on Monday, December 29th. JPMorgan Chase & Co. lifted their price target 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. Zacks Research cut 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. Finally, The Goldman Sachs Group raised shares of Grupo Cibest from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $49.00 to $69.00 in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $55.25.

Grupo Cibest Stock Performance

Shares of CIB opened at $78.34 on Friday. The stock has a market capitalization of $18.84 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 0.95 and a beta of 0.79. Grupo Cibest S.A. – Sponsored ADR has a 12 month low of $35.44 and a 12 month high of $86.31. The firm has a fifty day simple moving average of $70.07 and a 200 day simple moving average of $59.18. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.26.

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.