Barings LLC Sells 43,620 Shares of Grupo Cibest S.A. – Sponsored ADR $CIB

Barings LLC cut its position in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 44.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,273 shares of the bank’s stock after selling 43,620 shares during the quarter. Barings LLC’s holdings in Grupo Cibest were worth $3,452,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CIB. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Grupo Cibest in the 3rd quarter valued at $44,920,000. Millennium Management LLC boosted its stake in Grupo Cibest by 527.0% in the 1st quarter. Millennium Management LLC now owns 316,877 shares of the bank’s stock valued at $12,738,000 after purchasing an additional 266,341 shares during the period. Sei Investments Co. boosted its stake in Grupo Cibest by 29.8% in the 2nd quarter. Sei Investments Co. now owns 863,718 shares of the bank’s stock valued at $39,895,000 after purchasing an additional 198,228 shares during the period. Qube Research & Technologies Ltd boosted its stake in Grupo Cibest by 158.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 254,287 shares of the bank’s stock valued at $11,746,000 after purchasing an additional 155,985 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Grupo Cibest by 231.3% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 213,717 shares of the bank’s stock valued at $11,100,000 after purchasing an additional 149,212 shares during the period.

Grupo Cibest Stock Performance

NYSE:CIB opened at $80.96 on Friday. The stock has a fifty day moving average price of $70.53 and a 200-day moving average price of $70.43. The company has a market cap of $19.21 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 1.15 and a beta of 0.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 0.98. Grupo Cibest S.A. – Sponsored ADR has a fifty-two week low of $41.42 and a fifty-two week high of $86.31.

Grupo Cibest (NYSE:CIB) last issued its quarterly earnings results on Monday, May 4th. The bank reported $1.62 earnings per share 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 the consensus estimate of $2.04 billion. As a group, equities analysts anticipate that Grupo Cibest S.A. – Sponsored ADR will post 8.65 EPS for the current fiscal year.

Grupo Cibest Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Tuesday, March 31st were issued a dividend of $1.2182 per share. This represents a $4.87 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Tuesday, March 31st. Grupo Cibest’s dividend payout ratio is 136.11%.

Analysts Set New Price Targets

A number of research firms have issued reports on CIB. UBS Group boosted their price objective 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. The Goldman Sachs Group boosted their price objective 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. Bank of America raised shares of Grupo Cibest from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $68.00 to $75.00 in a report on Monday, June 1st. 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. Finally, Weiss Ratings downgraded shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Eight analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $72.20.

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.