Robeco Institutional Asset Management B.V. decreased its holdings in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB – Free Report) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 432,035 shares of the bank’s stock after selling 5,239 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.18% of Grupo Cibest worth $40,114,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Mather Group LLC. purchased a new position in shares of Grupo Cibest in the 3rd quarter worth $60,000. Public Employees Retirement System of Ohio bought a new stake in shares of Grupo Cibest in the 2nd quarter worth about $79,000. SG Americas Securities LLC bought a new stake in shares of Grupo Cibest in the 1st quarter worth about $131,000. Strategic Investment Advisors MI purchased a new stake in shares of Grupo Cibest during the 1st quarter valued at about $134,000. Finally, V Square Quantitative Management LLC raised its position in shares of Grupo Cibest by 24.0% during the 1st quarter. V Square Quantitative Management LLC now owns 2,492 shares of the bank’s stock valued at $181,000 after buying an additional 482 shares in the last quarter.
Wall Street Analyst Weigh In
A number of research analysts recently commented on CIB shares. Royal Bank Of Canada set a $110.00 price target on shares of Grupo Cibest in a report on Tuesday, August 11th. Weiss Ratings raised Grupo Cibest from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. restated a “neutral” rating and set a $110.00 price objective on shares of Grupo Cibest in a research report on Wednesday, September 16th. Citigroup raised Grupo Cibest from a “hold” rating to a “buy” rating in a research note on Thursday, August 13th. Finally, Zacks Research lowered Grupo Cibest from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $90.83.
View Our Latest Stock Report on CIB
Grupo Cibest Price Performance
Grupo Cibest stock opened at $96.73 on Friday. The firm has a 50-day moving average price of $97.44 and a 200-day moving average price of $84.33. The firm has a market capitalization of $22.95 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 0.74 and a beta of 0.67. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.18. Grupo Cibest S.A. – Sponsored ADR has a 12-month low of $54.83 and a 12-month high of $105.60.
Grupo Cibest (NYSE:CIB – Get Free Report) last released its quarterly earnings results on Monday, August 10th. The bank reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $1.18. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Grupo Cibest had a net margin of 10.80% and a return on equity of 20.87%. As a group, equities research analysts forecast that Grupo Cibest S.A. – Sponsored ADR will post 10.87 EPS for the current year.
Grupo Cibest Dividend Announcement
The company also recently disclosed a special dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 8th were paid a $1.6324 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. Grupo Cibest’s dividend payout ratio (DPR) is presently 106.24%.
Grupo Cibest Company Profile
Grupo Cibest SA is a Colombia-based financial services holding company whose principal business is conducted through Bancolombia and related subsidiaries. The group provides banking and financial solutions to individuals, businesses, institutions and governments, with activities spanning commercial banking, consumer finance, corporate banking, investment banking, wealth management, insurance and payments.
Its offerings include deposit accounts, loans, credit cards, cash-management services, investment products, trust and fiduciary services, foreign-exchange solutions and digital financial tools.
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