Alps Advisors Inc. Buys New Shares in Grupo Cibest S.A. – Sponsored ADR $CIB

Alps Advisors Inc. bought a new position in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) in the 3rd quarter, Holdings Channel reports. The fund bought 10,700 shares of the bank’s stock, valued at approximately $556,000.

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC boosted its position in shares of Grupo Cibest by 527.0% during the first quarter. Millennium Management LLC now owns 316,877 shares of the bank’s stock worth $12,738,000 after acquiring an additional 266,341 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Grupo Cibest by 62.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 142,018 shares of the bank’s stock valued at $5,709,000 after acquiring an additional 54,497 shares during the last quarter. Aberdeen Group plc increased its stake in Grupo Cibest by 25.4% in the second quarter. Aberdeen Group plc now owns 6,377 shares of the bank’s stock worth $296,000 after purchasing an additional 1,291 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Grupo Cibest by 22.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,317 shares of the bank’s stock valued at $846,000 after purchasing an additional 3,384 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in shares of Grupo Cibest by 88.7% in the second quarter. Allianz Asset Management GmbH now owns 178,137 shares of the bank’s stock valued at $8,228,000 after acquiring an additional 83,751 shares in the last quarter.

Grupo Cibest Stock Performance

CIB opened at $76.63 on Friday. The firm’s fifty day simple moving average is $71.30 and its two-hundred day simple moving average is $60.04. Grupo Cibest S.A. – Sponsored ADR has a 52-week low of $35.44 and a 52-week high of $86.31. The company has a market cap of $18.43 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 0.96 and a beta of 0.79. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Citigroup lowered shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Zacks Research cut Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. The Goldman Sachs Group upgraded Grupo Cibest from a “sell” rating to a “neutral” rating and lifted their price target for the company from $49.00 to $69.00 in a report on Tuesday, January 13th. Santander cut Grupo Cibest to an “underperform” rating in a research note on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Grupo Cibest in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $55.25.

About Grupo Cibest

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.