Grupo Cibest S.A. – Sponsored ADR $CIB Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its holdings in shares of Grupo Cibest S.A. – Sponsored ADR (NYSE:CIB) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 432,035 shares of the bank’s stock after selling 5,239 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Grupo Cibest were worth $40,114,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Amundi grew its position in Grupo Cibest by 26.7% in the 1st quarter. Amundi now owns 495,535 shares of the bank’s stock valued at $36,080,000 after acquiring an additional 104,280 shares during the last quarter. Assetmark Inc. lifted its position in shares of Grupo Cibest by 46,580.9% during the first quarter. Assetmark Inc. now owns 95,229 shares of the bank’s stock worth $6,934,000 after purchasing an additional 95,025 shares during the last quarter. Nykredit A S bought a new stake in shares of Grupo Cibest during the second quarter worth $5,589,000. Lesa Sroufe & Co purchased a new stake in shares of Grupo Cibest during the first quarter valued at $4,851,000. Finally, ABN Amro Investment Solutions boosted its stake in shares of Grupo Cibest by 36.3% during the first quarter. ABN Amro Investment Solutions now owns 249,345 shares of the bank’s stock valued at $18,155,000 after purchasing an additional 66,400 shares during the period.

Grupo Cibest Trading Down 0.9%

CIB opened at $96.73 on Friday. The stock’s fifty day moving average is $97.44 and its two-hundred day moving average is $84.33. The company has a market capitalization of $22.95 billion, a P/E ratio of 18.85, a PEG ratio of 0.74 and a beta of 0.67. Grupo Cibest S.A. – Sponsored ADR has a 52 week low of $54.83 and a 52 week high of $105.60. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.18.

Grupo Cibest (NYSE:CIB) last issued its earnings results on Monday, August 10th. The bank reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $1.18. Grupo Cibest had a return on equity of 20.87% and a net margin of 10.80%. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.40 billion. Analysts forecast that Grupo Cibest S.A. – Sponsored ADR will post 10.87 earnings per share for the current year.

Grupo Cibest Dividend Announcement

The company also recently declared a special dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 8th were paid a dividend of $1.6324 per share. The ex-dividend date was Tuesday, September 8th. Grupo Cibest’s dividend payout ratio (DPR) is currently 106.24%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CIB shares. Zacks Research cut shares of Grupo Cibest from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $110.00 price objective on shares of Grupo Cibest in a report on Wednesday, September 16th. Citigroup raised shares of Grupo Cibest from a “hold” rating to a “buy” rating in a research report on Thursday, August 13th. Royal Bank Of Canada set a $110.00 price objective on shares of Grupo Cibest in a research report on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of Grupo Cibest from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $90.83.

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.