UBS Group AG Has $3.10 Million Stock Position in Grupo Cibest S.A. – Sponsored ADR $CIB

UBS Group AG lifted its holdings in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIBFree Report) by 79.6% in the 4th quarter, HoldingsChannel reports. The fund owned 48,707 shares of the bank’s stock after purchasing an additional 21,580 shares during the period. UBS Group AG’s holdings in Grupo Cibest were worth $3,098,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Signaturefd LLC increased its position in shares of Grupo Cibest by 5.3% during the fourth quarter. Signaturefd LLC now owns 4,905 shares of the bank’s stock worth $312,000 after acquiring an additional 248 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Grupo Cibest by 39.8% during the fourth quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock worth $84,000 after acquiring an additional 376 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Grupo Cibest by 9.0% during the third quarter. Ameriprise Financial Inc. now owns 4,855 shares of the bank’s stock worth $252,000 after acquiring an additional 399 shares in the last quarter. R Squared Ltd increased its position in shares of Grupo Cibest by 7.1% during the third quarter. R Squared Ltd now owns 6,373 shares of the bank’s stock worth $331,000 after acquiring an additional 420 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Grupo Cibest during the fourth quarter worth about $31,000.

Grupo Cibest Trading Down 0.0%

Shares of CIB stock opened at $65.86 on Tuesday. Grupo Cibest S.A. – Sponsored ADR has a 52-week low of $40.28 and a 52-week high of $86.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 0.98. The company has a 50-day simple moving average of $69.70 and a two-hundred day simple moving average of $69.47. The company has a market capitalization of $15.84 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 0.95 and a beta of 0.71.

Grupo Cibest (NYSE:CIBGet Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.04 billion. Research analysts anticipate that Grupo Cibest S.A. – Sponsored ADR will post 8.62 EPS for the current fiscal year.

Grupo Cibest Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Tuesday, March 31st were given a $1.2182 dividend. This represents a $4.87 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Grupo Cibest’s dividend payout ratio is presently 136.11%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CIB. Itau BBA Securities raised shares of Grupo Cibest to a “market perform” rating in a research report on Tuesday. Weiss Ratings downgraded shares of Grupo Cibest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. UBS Group boosted their target price on shares of Grupo Cibest from $52.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group boosted their target price on shares of Grupo Cibest from $69.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Grupo Cibest from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Seven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Grupo Cibest currently has an average rating of “Reduce” and an average target price of $67.00.

View Our Latest Stock Report on Grupo Cibest

Grupo Cibest Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CIB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grupo Cibest S.A. – Sponsored ADR (NYSE:CIBFree Report).

Institutional Ownership by Quarter for Grupo Cibest (NYSE:CIB)

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