Kerrisdale Advisers LLC lessened its stake in Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB – Free Report) by 14.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,840 shares of the bank’s stock after selling 5,860 shares during the period. Kerrisdale Advisers LLC’s holdings in Grupo Cibest were worth $2,688,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Arax Advisory Partners increased its position in shares of Grupo Cibest by 2,525.0% in the 4th quarter. Arax Advisory Partners now owns 525 shares of the bank’s stock worth $33,000 after purchasing an additional 505 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Grupo Cibest by 105.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 546 shares of the bank’s stock worth $35,000 after purchasing an additional 280 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Grupo Cibest by 796.3% in the second quarter. Tower Research Capital LLC TRC now owns 977 shares of the bank’s stock worth $45,000 after purchasing an additional 868 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Grupo Cibest by 89.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 753 shares of the bank’s stock worth $48,000 after acquiring an additional 355 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Grupo Cibest during the 2nd quarter valued at about $79,000.
Grupo Cibest Stock Down 0.2%
CIB opened at $97.00 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $23.02 billion, a PE ratio of 18.91, a P/E/G ratio of 0.74 and a beta of 0.67. The stock’s fifty day moving average is $88.07 and its 200-day moving average is $77.42. Grupo Cibest S.A. – Sponsored ADR has a one year low of $49.39 and a one year high of $103.50.
Grupo Cibest Dividend Announcement
The firm also recently disclosed a special dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 8th will be given a dividend of $1.6324 per share. The ex-dividend date is Tuesday, September 8th. Grupo Cibest’s dividend payout ratio (DPR) is 103.51%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on CIB shares. Bank of America upgraded shares of Grupo Cibest from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $68.00 to $75.00 in a research report on Monday, June 1st. Citigroup upgraded shares of Grupo Cibest from a “hold” rating to a “buy” rating in a research note on Thursday, August 13th. The Goldman Sachs Group upped their price objective on shares of Grupo Cibest from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Zacks Research upgraded shares of Grupo Cibest from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Royal Bank Of Canada set a $110.00 target price on shares of Grupo Cibest in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $90.83.
Read Our Latest Research Report on CIB
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.
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