The Goldman Sachs Group Increases Grupo Cibest (NYSE:CIB) Price Target to $76.00

Grupo Cibest (NYSE:CIB) had its target price boosted by The Goldman Sachs Group from $69.00 to $76.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. The Goldman Sachs Group’s target price points to a potential upside of 10.11% from the company’s current price.

A number of other research analysts have also issued reports on CIB. Weiss Ratings reissued a “buy (b-)” rating on shares of Grupo Cibest in a report on Monday, December 29th. Zacks Research lowered shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. JPMorgan Chase & Co. boosted 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 cut shares of Grupo Cibest from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Finally, Santander downgraded shares of Grupo Cibest to an “underperform” rating in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $59.20.

Grupo Cibest Price Performance

Shares of NYSE:CIB opened at $69.02 on Wednesday. Grupo Cibest has a one year low of $35.44 and a one year high of $86.31. The stock has a market capitalization of $16.60 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 1.29 and a beta of 0.79. The company has a 50-day simple moving average of $74.07 and a 200-day simple moving average of $62.26. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.00 and a current ratio of 1.00.

Institutional Investors Weigh In On Grupo Cibest

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in Grupo Cibest by 22.7% in the second 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. Allianz Asset Management GmbH boosted its stake in shares of Grupo Cibest by 25.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 222,803 shares of the bank’s stock worth $11,572,000 after acquiring an additional 44,666 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Grupo Cibest by 790.9% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,372 shares of the bank’s stock worth $248,000 after acquiring an additional 4,769 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in Grupo Cibest by 20.1% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 78,130 shares of the bank’s stock valued at $4,058,000 after purchasing an additional 13,078 shares in the last quarter. Finally, Blue Grotto Capital LLC increased its stake in Grupo Cibest by 73.1% in the 2nd quarter. Blue Grotto Capital LLC now owns 350,111 shares of the bank’s stock valued at $16,172,000 after purchasing an additional 147,801 shares in the last quarter.

Grupo Cibest Company 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.