Capital Wealth Planning LLC Increases Stock Position in Grupo Cibest S.A. – Sponsored ADR $CIB

Capital Wealth Planning LLC boosted its stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 7.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 306,071 shares of the bank’s stock after acquiring an additional 21,428 shares during the period. Capital Wealth Planning LLC’s holdings in Grupo Cibest were worth $19,344,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Millennium Management LLC raised its holdings in shares of Grupo Cibest by 527.0% in the first quarter. Millennium Management LLC now owns 316,877 shares of the bank’s stock valued at $12,738,000 after buying an additional 266,341 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Grupo Cibest by 62.3% in the first quarter. Goldman Sachs Group Inc. now owns 142,018 shares of the bank’s stock valued at $5,709,000 after buying an additional 54,497 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Grupo Cibest by 288.4% in the second quarter. Marshall Wace LLP now owns 40,269 shares of the bank’s stock valued at $1,860,000 after buying an additional 29,902 shares during the last quarter. Cerity Partners LLC purchased a new stake in shares of Grupo Cibest in the second quarter valued at about $349,000. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Grupo Cibest by 158.7% in the second quarter. Qube Research & Technologies Ltd now owns 254,287 shares of the bank’s stock valued at $11,746,000 after buying an additional 155,985 shares during the last quarter.

Grupo Cibest Trading Up 1.2%

Shares of Grupo Cibest stock opened at $75.77 on Thursday. Grupo Cibest S.A. – Sponsored ADR has a 52-week low of $41.42 and a 52-week high of $86.31. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.20. The company’s 50-day simple moving average is $70.37 and its 200-day simple moving average is $70.29. The firm has a market cap of $17.98 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.14 and a beta of 0.70.

Grupo Cibest (NYSE:CIB) last issued its quarterly earnings results on Monday, May 4th. The bank reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.22). Grupo Cibest had a return on equity of 21.07% and a net margin of 8.41%.The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $2.04 billion. As a group, equities research analysts anticipate that Grupo Cibest S.A. – Sponsored ADR will post 8.65 earnings per share for the current year.

Grupo Cibest Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Tuesday, March 31st were paid a dividend of $1.2182 per share. This represents a $4.87 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Tuesday, March 31st. Grupo Cibest’s payout ratio is 136.11%.

Wall Street Analyst Weigh In

CIB has been the subject of a number of research reports. The Goldman Sachs Group upped their target price on shares of Grupo Cibest from $69.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Itau BBA Securities raised shares of Grupo Cibest from a “strong sell” rating to a “market perform” rating in a report on Tuesday, May 26th. Weiss Ratings cut shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. UBS Group upped their target price on shares of Grupo Cibest from $52.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Grupo Cibest from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Eight investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $72.20.

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.