20,562 Shares in Grupo Cibest S.A. – Sponsored ADR $CIB Acquired by Caprock Group LLC

Caprock Group LLC purchased a new stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 20,562 shares of the bank’s stock, valued at approximately $1,038,000.

Other large investors also recently modified their holdings of the company. Millennium Management LLC boosted its stake in 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 in the last quarter. Sei Investments Co. boosted its position in shares of Grupo Cibest by 29.8% during the 2nd quarter. Sei Investments Co. now owns 863,718 shares of the bank’s stock worth $39,895,000 after purchasing an additional 198,228 shares in the last quarter. Candriam S.C.A. acquired a new stake in shares of Grupo Cibest in the 2nd quarter valued at about $8,619,000. JPMorgan Chase & Co. increased its position in Grupo Cibest by 22.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 939,979 shares of the bank’s stock valued at $43,418,000 after buying an additional 173,734 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in Grupo Cibest by 158.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 254,287 shares of the bank’s stock worth $11,746,000 after buying an additional 155,985 shares during the period.

Analysts Set New Price Targets

CIB has been the subject of a number of research reports. Zacks Research cut Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. 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 report on Friday, November 21st. Citigroup downgraded shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Santander lowered shares of Grupo Cibest to an “underperform” rating in a research note on Wednesday, December 17th. Finally, The Goldman Sachs Group raised shares of Grupo Cibest from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $49.00 to $69.00 in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $55.25.

Grupo Cibest Price Performance

Shares of NYSE CIB opened at $77.00 on Monday. The company has a market capitalization of $18.52 billion, a PE ratio of 10.58, a PEG ratio of 0.94 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. The stock’s 50 day moving average price is $71.59 and its 200-day moving average price is $60.50. Grupo Cibest S.A. – Sponsored ADR has a twelve month low of $35.44 and a twelve month high of $86.31.

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.